Is Asbury Park, 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, Asbury Park was a Buyer's Market.
Housing Prices in Asbury Park, NJ
How much do homes in Asbury Park, NJ cost?
Median Sold Price
$639,950
$506/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Asbury Park was $639,950 in April 2024, up 6.7% from last year, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $372.5K | $417.5K | +12.1% |
2 Bedrooms | $685K | $738K | +7.7% |
3 Bedrooms | $576K | $742.5K | +28.9% |
4 Bedrooms | $859K | $699.5K | -18.6% |
5+ Bedrooms | $914.7K | $655.5K | -28.3% |
Summary: Asbury Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 28.9%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 28.3%.
Median Sold Price Compared To Nearby Cities
Neptune Township | $450K | $529K | +17.6% |
Asbury Park | $600K | $639.9K | +6.7% |
Ocean Township | $703.3K | $692.6K | -1.5% |
Housing Supply in Asbury Park, NJ
How many homes are available in Asbury Park, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 85 | +3.7% |
Summary: The Asbury Park real estate market had 85 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 28 | 25 | -10.7% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Asbury Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Asbury Park in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for Asbury Park, NJ
How long does it take to sell a home in Asbury Park, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 33 Days | -46.2% |
Summary: Homes in Asbury Park had an average of 33 days on market in Apr 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Asbury Park; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.