Is Wildwood, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wildwood has remained a Seller's Market.
Key Takeaway
Wildwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wildwood, NJ
How much do homes in Wildwood, NJ cost?
Median Sold Price
$499,999
$492/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wildwood have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Wildwood was $499,999 in April 2024, up 4.7% from last year, and the median price per square foot was $492.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275.5K | $280K | +1.6% |
| 2 Bedrooms | $370K | $360K | -2.7% |
| 3 Bedrooms | $525K | $545K | +3.8% |
| 4 Bedrooms | $660K | $770K | +16.7% |
| 5+ Bedrooms | $1.1M | $896K | -24.4% |
Summary: Wildwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Lower Township | $370K | $430K | +16.2% |
| Wildwood | $477.5K | $499.9K | +4.7% |
| Middle Township | $359.9K | $369.9K | +2.8% |
| North Wildwood | $450K | $349.5K | -22.3% |
Housing Supply in Wildwood, NJ
How many homes are available in Wildwood, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 60 | -13.0% |
Summary: The Wildwood real estate market had 60 homes for sale in April 2024, a 13.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 23 | +15.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 14 | 9 | -35.7% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Wildwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wildwood, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Wildwood in April 2024, down by 11.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Wildwood, NJ
How long does it take to sell a home in Wildwood, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 64 Days | +60.6% |
Summary: Homes in Wildwood had an average of 64 days on market in Apr 2024, up by 60.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wildwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Wildwood; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% 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.