Is Point Pleasant, 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, Point Pleasant was a Neutral Market.
Housing Prices in Point Pleasant, NJ
How much do homes in Point Pleasant, NJ cost?
Median Sold Price
$600,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Point Pleasant was $600,000 in April 2024, up 6.2% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288.7K | $295K | +2.2% |
2 Bedrooms | $430K | $456K | +6.0% |
3 Bedrooms | $559.9K | $585K | +4.5% |
4 Bedrooms | $768.7K | $752.9K | -2.1% |
5+ Bedrooms | $791.5K | $944K | +19.3% |
Summary: Point Pleasant housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
Bay Head | $1.9M | $2.9M | +54.3% |
Point Pleasant Beach | $775K | $875K | +12.9% |
Brick Township | $394.7K | $435.4K | +10.3% |
Point Pleasant | $565K | $600K | +6.2% |
Brielle | $960K | $986.5K | +2.8% |
Housing Supply in Point Pleasant, NJ
How many homes are available in Point Pleasant, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 64 | -12.3% |
Summary: The Point Pleasant real estate market had 64 homes for sale in April 2024, a 12.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 26 | 21 | -19.2% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Point Pleasant 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 14.3%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Point Pleasant in April 2024, up by 17.6% month-over-month. Of the 20 sold homes, 40% were sold under asking, 5% were sold at asking, and 55% were sold over asking.
Days on Market for Point Pleasant, NJ
How long does it take to sell a home in Point Pleasant, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 19 Days | -67.1% |
Summary: Homes in Point Pleasant had an average of 19 days on market in Apr 2024, down by 67.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Point Pleasant; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.