Is Belmar, 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, Belmar has remained a Seller's Market.
Key Takeaway
Belmar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belmar, NJ
How much do homes in Belmar, NJ cost?
Median Sold Price
$783,250
$612/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Belmar have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in Belmar was $783,250 in May 2024, up 22.4% from last year, and the median price per square foot was $612.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $415K | +13.7% |
| 2 Bedrooms | $531K | $624.9K | +17.7% |
| 3 Bedrooms | $657.5K | $752.1K | +14.4% |
| 4 Bedrooms | $900K | $1.0M | +16.7% |
| 5+ Bedrooms | $1.0M | $1.5M | +44.6% |
Summary: Belmar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 44.6%.
Median Sold Price Compared To Nearby Cities
| Avon-by-the-Sea | $1.0M | $2.2M | +126.7% |
| Belmar | $640K | $783.2K | +22.4% |
| Neptune Township | $455.9K | $525K | +15.2% |
| Neptune | $430K | $485K | +12.8% |
| Lake Como | $625K | $679.9K | +8.8% |
Housing Supply in Belmar, NJ
How many homes are available in Belmar, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 48 | +29.7% |
Summary: The Belmar real estate market had 48 homes for sale in May 2024, a 29.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 14 | +133.3% |
Summary: The Belmar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belmar, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Belmar in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for Belmar, NJ
How long does it take to sell a home in Belmar, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +25.4% |
Summary: Homes in Belmar had an average of 36 days on market in May 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
8 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 Belmar are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Belmar; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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.