Is Point Pleasant Beach, 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, Point Pleasant Beach has remained a Seller's Market.
Key Takeaway
Point Pleasant Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Point Pleasant Beach, NJ
How much do homes in Point Pleasant Beach, NJ cost?
Median Sold Price
$875,000
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Point Pleasant Beach have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Point Pleasant Beach was $875,000 in April 2024, up 12.9% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347.5K | $338.5K | -2.6% |
| 2 Bedrooms | $590K | $726.8K | +23.2% |
| 3 Bedrooms | $705K | $842.5K | +19.5% |
| 4 Bedrooms | $945.9K | $950K | 0.4% |
| 5+ Bedrooms | $1.3M | $1.8M | +30.5% |
Summary: Point Pleasant Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 30.5%.
Median Sold Price Compared To Nearby Cities
| Point Pleasant Beach | $775K | $875K | +12.9% |
| Manasquan | $900K | $965K | +7.2% |
| Point Pleasant | $565K | $600K | +6.2% |
| Brielle | $960K | $986.5K | +2.8% |
Housing Supply in Point Pleasant Beach, NJ
How many homes are available in Point Pleasant Beach, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Summary: The Point Pleasant Beach real estate market had 46 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 | 8 | 3 | -62.5% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Point Pleasant Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 62.5%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Point Pleasant Beach, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Point Pleasant Beach in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Point Pleasant Beach, NJ
How long does it take to sell a home in Point Pleasant Beach, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 36 Days | -24.9% |
Summary: Homes in Point Pleasant Beach had an average of 36 days on market in Apr 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Point Pleasant Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Point Pleasant Beach; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.