Is Ventnor City, 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, Ventnor City has remained a Seller's Market.
Housing Prices in Ventnor City, NJ
How much do homes in Ventnor City, NJ cost?
Median Sold Price
$475,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ventnor City was $475,000 in April 2024, down 5.9% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $272.5K | -5.2% |
2 Bedrooms | $255K | $325K | +27.5% |
3 Bedrooms | $505K | $500K | -1.0% |
4 Bedrooms | $772K | $917K | +18.8% |
5+ Bedrooms | $1.1M | $1.6M | +46.3% |
Summary: Ventnor City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 27.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 46.3%.
Median Sold Price Compared To Nearby Cities
Atlantic City | $170.9K | $221.6K | +29.7% |
Margate City | $839.2K | $975K | +16.2% |
Ventnor City | $505K | $475K | -5.9% |
Housing Supply in Ventnor City, NJ
How many homes are available in Ventnor City, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 92 | -9.8% |
Summary: The Ventnor City real estate market had 92 homes for sale in April 2024, a 9.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 16 | 0.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 34 | 21 | -38.2% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The Ventnor City 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 4.3%, 3 bedroom homes decreased by 38.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 19 | -34.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Ventnor City in April 2024, down by 34.5% month-over-month. Of the 16 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for Ventnor City, NJ
How long does it take to sell a home in Ventnor City, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 20 Days | -65.6% |
Summary: Homes in Ventnor City had an average of 20 days on market in Apr 2024, down by 65.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Ventnor City; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.