Is Barnegat Township, 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, Barnegat Township has remained a Seller's Market.
Housing Prices in Barnegat Township, NJ
How much do homes in Barnegat Township, NJ cost?
Median Sold Price
$439,986
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Barnegat Township was $439,986 in April 2024, up 3.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172K | $149K | -13.4% |
2 Bedrooms | $399.9K | $365K | -8.7% |
3 Bedrooms | $410K | $450.3K | +9.8% |
4 Bedrooms | $508.1K | $529.9K | +4.3% |
5+ Bedrooms | $562.5K | $644.2K | +14.5% |
Summary: Barnegat Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
Waretown | $370K | $463.7K | +25.4% |
Stafford Township | $465.3K | $525K | +12.8% |
Ocean Township | $499K | $545K | +9.2% |
Barnegat | $425K | $439.7K | +3.5% |
Barnegat Township | $426.9K | $439.9K | +3.1% |
Housing Supply in Barnegat Township, NJ
How many homes are available in Barnegat Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
172 | 143 | -16.9% |
Summary: The Barnegat Township real estate market had 143 homes for sale in April 2024, a 16.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 63 | 54 | -14.3% |
3 Bedrooms | 47 | 41 | -12.8% |
4 Bedrooms | 53 | 39 | -26.4% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Barnegat Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 39 | -13.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Barnegat Township in April 2024, down by 13.3% month-over-month. Of the 39 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for Barnegat Township, NJ
How long does it take to sell a home in Barnegat Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 32 Days | -34.1% |
Summary: Homes in Barnegat Township had an average of 32 days on market in Apr 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Barnegat Township; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.