Is Waretown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Waretown was a Seller's Market.
Housing Prices in Waretown, NJ
How much do homes in Waretown, NJ cost?
Median Sold Price
$460,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Waretown was $460,000 in March 2024, up 22.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $167.5K | -18.3% |
2 Bedrooms | $305K | $362.5K | +18.9% |
3 Bedrooms | $430K | $486.2K | +13.1% |
4 Bedrooms | $475K | $475K | 0.0% |
5+ Bedrooms | $720K | $750K | +4.2% |
Summary: Waretown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.3%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Waretown | $375K | $460K | +22.7% |
Forked River | $375.6K | $439.4K | +17.0% |
Ocean Township | $505K | $545K | +7.9% |
Barnegat Township | $430K | $435.9K | +1.4% |
Barnegat | $430K | $435.1K | +1.2% |
Housing Supply in Waretown, NJ
How many homes are available in Waretown, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 78 | +13.0% |
Summary: The Waretown real estate market had 78 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 30 | +30.4% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Waretown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Waretown in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Waretown, NJ
How long does it take to sell a home in Waretown, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 37 Days | -30.6% |
Summary: Homes in Waretown had an average of 37 days on market in Mar 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Waretown; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.