Is Ventnor City, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ventnor City has remained a Seller's Market.
Key Takeaway
Ventnor City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ventnor City, NJ
How much do homes in Ventnor City, NJ cost?
Median Sold Price
$485,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ventnor City have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Ventnor City was $485,000 in March 2024, up 6.6% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260.5K | $270K | +3.6% |
| 2 Bedrooms | $283K | $330K | +16.6% |
| 3 Bedrooms | $468.7K | $474.9K | +1.3% |
| 4 Bedrooms | $775K | $917K | +18.3% |
| 5+ Bedrooms | $1.2M | $1.2M | +5.5% |
Summary: Ventnor City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Atlantic City | $172.3K | $220.5K | +27.9% |
| Margate City | $820K | $975K | +18.9% |
| Ventnor City | $455K | $485K | +6.6% |
Housing Supply in Ventnor City, NJ
How many homes are available in Ventnor City, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 103 | 116 | +12.6% |
Summary: The Ventnor City real estate market had 116 homes for sale in March 2024, a 12.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 32 | 39 | +21.9% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Ventnor City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 21.9%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 30 | +200.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ventnor City, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Ventnor City in March 2024, up by 200.0% month-over-month. Of the 25 sold homes, 72% were sold under asking, 8% were sold at asking, and 20% were sold over asking.
Days on Market for Ventnor City, NJ
How long does it take to sell a home in Ventnor City, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 68 Days | +34.3% |
Summary: Homes in Ventnor City had an average of 68 days on market in Mar 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ventnor City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in Ventnor City; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.