Is Wildwood Crest, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wildwood Crest was a Seller's Market.
Key Takeaway
Wildwood Crest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wildwood Crest, NJ
How much do homes in Wildwood Crest, NJ cost?
Median Sold Price
$785,000
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wildwood Crest have sold for 25.6% more than they did a year ago.
Summary: The median home sold price in Wildwood Crest was $785,000 in April 2024, up 25.6% from last year, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $190K | -25.5% |
| 2 Bedrooms | $398.2K | $242.5K | -39.1% |
| 3 Bedrooms | $652.5K | $545K | -16.5% |
| 4 Bedrooms | - | $900K | N/A |
| 5+ Bedrooms | $1.3M | $896K | -35.2% |
Summary: Wildwood Crest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes decreased by 39.1%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 35.2%.
Median Sold Price Compared To Nearby Cities
| Wildwood Crest | $625K | $785K | +25.6% |
| Lower Township | $370K | $430K | +16.2% |
| Wildwood | $477.5K | $499.9K | +4.7% |
Housing Supply in Wildwood Crest, NJ
How many homes are available in Wildwood Crest, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Wildwood Crest real estate market had 11 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Wildwood Crest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wildwood Crest, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Wildwood Crest in April 2024, down by 33.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Wildwood Crest, NJ
How long does it take to sell a home in Wildwood Crest, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 91 Days | +579.1% |
Summary: Homes in Wildwood Crest had an average of 91 days on market in Apr 2024, up by 579.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wildwood Crest are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Wildwood Crest; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.