Is Toms River Township, 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, Toms River Township has remained a Seller's Market.
Housing Prices in Toms River Township, NJ
How much do homes in Toms River Township, NJ cost?
Median Sold Price
$379,954
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Toms River Township was $379,954 in April 2024, up 2.7% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $190K | +5.6% |
2 Bedrooms | $290.2K | $310.2K | +6.9% |
3 Bedrooms | $415.2K | $450K | +8.4% |
4 Bedrooms | $569.3K | $591.4K | +3.9% |
5+ Bedrooms | $885K | $873K | -1.4% |
Summary: Toms River Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
Island Heights | $477.4K | $685K | +43.5% |
South Toms River | $325.5K | $370K | +13.7% |
Toms River | $355.3K | $368.5K | +3.7% |
Toms River Township | $369.9K | $379.9K | +2.7% |
Lakewood | $347.8K | $325.5K | -6.4% |
Housing Supply in Toms River Township, NJ
How many homes are available in Toms River Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
752 | 757 | +0.7% |
Summary: The Toms River Township real estate market had 757 homes for sale in April 2024, a 0.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 373 | 384 | +2.9% |
3 Bedrooms | 161 | 160 | -0.6% |
4 Bedrooms | 143 | 135 | -5.6% |
5+ Bedrooms | 67 | 70 | +4.5% |
Summary: The Toms River Township 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 increased by 2.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
174 | 178 | +2.3% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Summary: A total of 178 homes were sold or pending in Toms River Township in April 2024, up by 2.3% month-over-month. Of the 178 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Toms River Township, NJ
How long does it take to sell a home in Toms River Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 42 Days | +6.4% |
Summary: Homes in Toms River Township had an average of 42 days on market in Apr 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 178 homes were sold in Toms River Township; 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.