Is Ship Bottom, 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, Ship Bottom was a Seller's Market.
Housing Prices in Ship Bottom, NJ
How much do homes in Ship Bottom, NJ cost?
Median Sold Price
$1,075,000
$784/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ship Bottom was $1,075,000 in April 2024, up 9.7% from last year, and the median price per square foot was $784.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $485K | N/A |
2 Bedrooms | $1.5M | $650K | -56.7% |
3 Bedrooms | $900K | $915K | +1.7% |
4 Bedrooms | $1.6M | $1.6M | -2.5% |
5+ Bedrooms | $2.1M | $1.2M | -40.5% |
Summary: Ship Bottom housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 40.5%.
Median Sold Price Compared To Nearby Cities
Stafford Township | $465.3K | $525K | +12.8% |
Ship Bottom | $980K | $1.0M | +9.7% |
Surf City | $1.7M | $1.9M | +9.4% |
Housing Supply in Ship Bottom, NJ
How many homes are available in Ship Bottom, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 33 | -5.7% |
Summary: The Ship Bottom real estate market had 33 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Ship Bottom housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ship Bottom in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ship Bottom, NJ
How long does it take to sell a home in Ship Bottom, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 77 Days | +15.6% |
Summary: Homes in Ship Bottom had an average of 77 days on market in Apr 2024, up by 15.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Ship Bottom; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.