Is Seaside Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Seaside Park was a Seller's Market.
Key Takeaway
Seaside Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Seaside Park, NJ
How much do homes in Seaside Park, NJ cost?
Median Sold Price
$825,000
$564/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Seaside Park have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Seaside Park was $825,000 in May 2024, up 16.2% from last year, and the median price per square foot was $564.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $292.5K | +34.5% |
| 2 Bedrooms | $475K | $605K | +27.4% |
| 3 Bedrooms | $570K | $797.5K | +39.9% |
| 4 Bedrooms | $750K | $882K | +17.6% |
| 5+ Bedrooms | $995K | $1.2M | +25.6% |
Summary: Seaside Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.5%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 39.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
| Seaside Heights | $595K | $729.9K | +22.7% |
| Seaside Park | $710K | $825K | +16.2% |
| Berkeley Township | $315K | $336.5K | +6.8% |
Housing Supply in Seaside Park, NJ
How many homes are available in Seaside Park, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 46 | +27.8% |
Summary: The Seaside Park real estate market had 46 homes for sale in May 2024, a 27.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Seaside Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seaside Park, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Seaside Park in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Seaside Park, NJ
How long does it take to sell a home in Seaside Park, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 22 Days | -32.9% |
Summary: Homes in Seaside Park had an average of 22 days on market in May 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seaside Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Seaside Park; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.