Is Ocean Gate, 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, Ocean Gate was a Seller's Market.
Housing Prices in Ocean Gate, NJ
How much do homes in Ocean Gate, NJ cost?
Median Sold Price
$425,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean Gate was $425,000 in April 2024, up 24.6% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $227.3K | N/A |
2 Bedrooms | $290K | $349K | +20.3% |
3 Bedrooms | $322.5K | $421.2K | +30.6% |
4 Bedrooms | $425K | $505K | +18.8% |
5+ Bedrooms | - | $465K | N/A |
Summary: Ocean Gate housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Ocean Gate | $341K | $425K | +24.6% |
Bayville | $425K | $496K | +16.7% |
Berkeley Township | $315K | $335.4K | +6.5% |
Housing Supply in Ocean Gate, NJ
How many homes are available in Ocean Gate, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Summary: The Ocean Gate real estate market had 9 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ocean Gate housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Ocean Gate in April 2024, down by 66.7% 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 Ocean Gate, NJ
How long does it take to sell a home in Ocean Gate, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 21 Days | -6.2% |
Summary: Homes in Ocean Gate had an average of 21 days on market in Apr 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Ocean Gate; 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.