Is Manahawkin, 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, Manahawkin has remained a Seller's Market.
Housing Prices in Manahawkin, NJ
How much do homes in Manahawkin, NJ cost?
Median Sold Price
$520,888
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manahawkin was $520,888 in April 2024, up 11.9% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152K | $150K | -1.3% |
2 Bedrooms | $290K | $303K | +4.5% |
3 Bedrooms | $428K | $484.5K | +13.2% |
4 Bedrooms | $649K | $640K | -1.4% |
5+ Bedrooms | $650K | $700K | +7.7% |
Summary: Manahawkin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
West Creek | $350K | $585K | +67.1% |
Stafford Township | $465.3K | $525K | +12.8% |
Manahawkin | $465.5K | $520.8K | +11.9% |
Barnegat Township | $426.9K | $439.9K | +3.1% |
Housing Supply in Manahawkin, NJ
How many homes are available in Manahawkin, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
158 | 154 | -2.5% |
Summary: The Manahawkin real estate market had 154 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 27 | 27 | 0.0% |
3 Bedrooms | 58 | 63 | +8.6% |
4 Bedrooms | 50 | 37 | -26.0% |
5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The Manahawkin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Manahawkin in April 2024, up by 9.7% month-over-month. Of the 34 sold homes, 44% were sold under asking, 18% were sold at asking, and 38% were sold over asking.
Days on Market for Manahawkin, NJ
How long does it take to sell a home in Manahawkin, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 71 Days | +38.5% |
Summary: Homes in Manahawkin had an average of 71 days on market in Apr 2024, up by 38.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Manahawkin; 59% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.