Is Brigantine, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brigantine has remained a Seller's Market.
Housing Prices in Brigantine, NJ
How much do homes in Brigantine, NJ cost?
Median Sold Price
$595,000
$431/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brigantine was $595,000 in May 2024, up 12.5% from last year, and the median price per square foot was $431.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $261.9K | +34.3% |
2 Bedrooms | $425K | $492.5K | +15.9% |
3 Bedrooms | $575K | $635K | +10.4% |
4 Bedrooms | $700K | $980K | +40.0% |
5+ Bedrooms | $1.2M | $1.4M | +15.8% |
Summary: Brigantine housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
Atlantic City | $177.9K | $225K | +26.4% |
Galloway Township | $265.6K | $300K | +12.9% |
Brigantine | $529K | $595K | +12.5% |
Housing Supply in Brigantine, NJ
How many homes are available in Brigantine, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
138 | 153 | +10.9% |
Summary: The Brigantine real estate market had 153 homes for sale in May 2024, a 10.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 26 | +52.9% |
2 Bedrooms | 32 | 30 | -6.3% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The Brigantine housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 52.9%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Brigantine in May 2024, down by 6.1% month-over-month. Of the 28 sold homes, 75% were sold under asking, 14% were sold at asking, and 11% were sold over asking.
Days on Market for Brigantine, NJ
How long does it take to sell a home in Brigantine, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 70 Days | +298.5% |
Summary: Homes in Brigantine had an average of 70 days on market in May 2024, up by 298.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Brigantine; 42% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.