Is Silver Ridge Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Silver Ridge Park has remained a Seller's Market.
Housing Prices in Silver Ridge Park, NJ
How much do homes in Silver Ridge Park, NJ cost?
Median Sold Price
$285,222
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Silver Ridge Park was $285,222 in May 2024, up 1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166K | $208.1K | +25.4% |
2 Bedrooms | $285K | $285.3K | 0.1% |
3 Bedrooms | - | $385K | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Silver Ridge Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.4%, 2 bedroom homes increased by 0.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Holiday City South | $285K | $310K | +8.8% |
Holiday City | $284.8K | $309K | +8.5% |
Silver Ridge Park East | $255K | $273.4K | +7.2% |
Silver Ridge Park West | $275K | $285.1K | +3.7% |
Silver Ridge Park | $282.5K | $285.2K | +1.0% |
Housing Supply in Silver Ridge Park, NJ
How many homes are available in Silver Ridge Park, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 68 | +4.6% |
Summary: The Silver Ridge Park real estate market had 68 homes for sale in May 2024, a 4.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 65 | 68 | +4.6% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Ridge Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Silver Ridge Park in May 2024, down by 10.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 6% were sold at asking, and 41% were sold over asking.
Days on Market for Silver Ridge Park, NJ
How long does it take to sell a home in Silver Ridge Park, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 47 Days | +16.9% |
Summary: Homes in Silver Ridge Park had an average of 47 days on market in May 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Silver Ridge Park; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.