Is Ocean Township, 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 Township was a Seller's Market.
Housing Prices in Ocean Township, NJ
How much do homes in Ocean Township, NJ cost?
Median Sold Price
$692,647
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean Township was $692,647 in April 2024, down 1.5% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $384.5K | $355K | -7.7% |
2 Bedrooms | $500K | $537.5K | +7.5% |
3 Bedrooms | $700K | $657K | -6.1% |
4 Bedrooms | $790.5K | $890K | +12.6% |
5+ Bedrooms | $1.1M | $1.1M | -4.3% |
Summary: Ocean Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Ocean Township | $703.3K | $692.6K | -1.5% |
West Long Branch | $817.5K | $737.5K | -9.8% |
Allenhurst | $1.7M | $1.4M | -21.1% |
Deal | $3.0M | $2.1M | -30.0% |
Housing Supply in Ocean Township, NJ
How many homes are available in Ocean Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 137 | -4.2% |
Summary: The Ocean Township real estate market had 137 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 32 | 26 | -18.8% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 39 | 41 | +5.1% |
5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The Ocean Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Ocean Township in April 2024, up by 5.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% were sold over asking.
Days on Market for Ocean Township, NJ
How long does it take to sell a home in Ocean Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 72 Days | +84.9% |
Summary: Homes in Ocean Township had an average of 72 days on market in Apr 2024, up by 84.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Ocean Township; 52% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.