Is Ocean County, 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, Ocean County has remained a Seller's Market.
Housing Prices in Ocean County, NJ
How much do homes in Ocean County, NJ cost?
Median Sold Price
$426,167
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean County was $426,167 in April 2024, up 6.6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $138.2K | -7.8% |
2 Bedrooms | $279.9K | $300.2K | +7.2% |
3 Bedrooms | $426.2K | $468.1K | +9.8% |
4 Bedrooms | $599.8K | $620.3K | +3.4% |
5+ Bedrooms | $851.7K | $947.5K | +11.3% |
Summary: Ocean County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Counties
Atlantic County | $304.6K | $339.8K | +11.6% |
Burlington County | $325.5K | $355K | +9.0% |
Monmouth County | $580K | $627.9K | +8.3% |
Ocean County | $399.8K | $426.1K | +6.6% |
Housing Supply in Ocean County, NJ
How many homes are available in Ocean County, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,381 | 3,383 | 0.1% |
Summary: The Ocean County real estate market had 3,383 homes for sale in April 2024, a 0.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 86 | 80 | -7.0% |
2 Bedrooms | 1,236 | 1,250 | +1.1% |
3 Bedrooms | 890 | 864 | -2.9% |
4 Bedrooms | 746 | 742 | -0.5% |
5+ Bedrooms | 423 | 447 | +5.7% |
Summary: The Ocean County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
731 | 740 | +1.2% |
Asking Price vs. Sold Price
327 Homes Were Sold
Under Asking
139 Homes Were Sold
At Asking
273 Homes Were Sold
Over Asking
Summary: A total of 740 homes were sold or pending in Ocean County in April 2024, up by 1.2% month-over-month. Of the 739 sold homes, 44% were sold under asking, 19% were sold at asking, and 37% were sold over asking.
Days on Market for Ocean County, NJ
How long does it take to sell a home in Ocean County, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 42 Days | -4.1% |
Summary: Homes in Ocean County had an average of 42 days on market in Apr 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
467 Homes Were Sold
Under 30 Days
172 Homes Were Sold
In 30 - 90 Days
97 Homes Were Sold
Over 90 Days
Summary: During April 2024, 740 homes were sold in Ocean County; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.