Is Silver Ridge Park, 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, Silver Ridge Park has remained a Seller's Market.
Housing Prices in Silver Ridge Park, NJ
How much do homes in Silver Ridge Park, NJ cost?
Median Sold Price
$286,500
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Silver Ridge Park was $286,500 in April 2024, up 0.5% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166K | $208.1K | +25.4% |
2 Bedrooms | $285K | $286.7K | +0.6% |
3 Bedrooms | - | $385K | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Silver Ridge Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.4%, 2 bedroom homes increased by 0.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Holiday City South | $280K | $310.5K | +10.9% |
Holiday City | $284K | $305K | +7.4% |
Silver Ridge Park East | $257.4K | $269K | +4.5% |
Silver Ridge Park West | $275K | $286K | +4.0% |
Silver Ridge Park | $285K | $286.5K | 0.5% |
Housing Supply in Silver Ridge Park, NJ
How many homes are available in Silver Ridge Park, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 62 | -10.1% |
Summary: The Silver Ridge Park real estate market had 62 homes for sale in April 2024, a 10.1% 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 | 69 | 62 | -10.1% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Ridge Park 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 10.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Silver Ridge Park in April 2024, up by 11.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.
Days on Market for Silver Ridge Park, NJ
How long does it take to sell a home in Silver Ridge Park, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 25 Days | -40.7% |
Summary: Homes in Silver Ridge Park had an average of 25 days on market in Apr 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Silver Ridge Park; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.