Is Belmar, 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, Belmar was a Neutral Market.
Housing Prices in Belmar, NJ
How much do homes in Belmar, NJ cost?
Median Sold Price
$747,500
$622/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belmar was $747,500 in April 2024, up 15.9% from last year, and the median price per square foot was $622.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $359K | $382.5K | +6.5% |
2 Bedrooms | $530K | $649K | +22.5% |
3 Bedrooms | $665K | $730K | +9.8% |
4 Bedrooms | $900K | $1.5M | +66.7% |
5+ Bedrooms | $1.0M | $1.5M | +39.5% |
Summary: Belmar housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 39.5%.
Median Sold Price Compared To Nearby Cities
Avon-by-the-Sea | $1.0M | $1.7M | +70.8% |
Neptune Township | $450K | $529K | +17.6% |
Belmar | $645K | $747.5K | +15.9% |
Neptune | $425.5K | $485K | +14.0% |
Lake Como | $620K | $660K | +6.5% |
Housing Supply in Belmar, NJ
How many homes are available in Belmar, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 39 | 0.0% |
Summary: The Belmar real estate market had 39 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Belmar 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Belmar in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Belmar, NJ
How long does it take to sell a home in Belmar, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 17 Days | -44.3% |
Summary: Homes in Belmar had an average of 17 days on market in Apr 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Belmar; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.