Is Barnegat, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barnegat is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Barnegat has remained a Seller's Market.

Key Takeaway

Barnegat is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Barnegat, NJ

How much do homes in Barnegat, NJ cost?

Median Sold Price

$439,750

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,750(+3.5%)

Key Takeaway

Homes in Barnegat have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Barnegat was $439,750 in April 2024, up 3.5% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $172K$149K
-13.4%
2 $399.9K$363.9K
-9.0%
3 $404K$450K
+11.4%
4 $505.6K$527.4K
+4.3%
5+ $562.5K$644.2K
+14.5%

Summary: Barnegat housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Cities

Waretown
+25.4%
Stafford Township
+12.8%
Manahawkin
+11.9%
Barnegat
+3.5%
Barnegat Township
+3.1%

Housing Supply in Barnegat, NJ

How many homes are available in Barnegat, NJ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
170141-17.1%

Summary: The Barnegat real estate market had 141 homes for sale in April 2024, a 17.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 6253
-14.5%
3 4640
-13.0%
4 5339
-26.4%
5+ 87
-12.5%

Summary: The Barnegat housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4539-13.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barnegat, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Barnegat in April 2024, down by 13.3% month-over-month. Of the 39 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.

Days on Market for Barnegat, NJ

How long does it take to sell a home in Barnegat, NJ?

Average Sale Time

Apr 2023Apr 2024CHANGE
49 Days32 Days-34.1%

Summary: Homes in Barnegat had an average of 32 days on market in Apr 2024, down by 34.1% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barnegat are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 39 homes were sold in Barnegat; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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