Is Manahawkin, 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, Manahawkin has remained a Seller's Market.
Key Takeaway
Manahawkin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manahawkin, NJ
How much do homes in Manahawkin, NJ cost?
Median Sold Price
$515,833
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Manahawkin have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Manahawkin was $515,833 in May 2024, up 8.5% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.7K | $150K | +1.5% |
| 2 Bedrooms | $282.5K | $320K | +13.3% |
| 3 Bedrooms | $433K | $480K | +10.9% |
| 4 Bedrooms | $637.5K | $657.5K | +3.1% |
| 5+ Bedrooms | $655.8K | $699.9K | +6.7% |
Summary: Manahawkin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| West Creek | $360K | $588.5K | +63.5% |
| Eagleswood Township | $349K | $425K | +21.8% |
| Stafford Township | $472.5K | $520.1K | +10.1% |
| Manahawkin | $475.3K | $515.8K | +8.5% |
| Barnegat Township | $425K | $445K | +4.7% |
Housing Supply in Manahawkin, NJ
How many homes are available in Manahawkin, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 172 | 184 | +7.0% |
Summary: The Manahawkin real estate market had 184 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 69 | 81 | +17.4% |
| 4 Bedrooms | 46 | 48 | +4.3% |
| 5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The Manahawkin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 52 | +52.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manahawkin, you could pay more than the asking price. 40.4% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Manahawkin in May 2024, up by 52.9% month-over-month. Of the 52 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for Manahawkin, NJ
How long does it take to sell a home in Manahawkin, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 21 Days | -53.1% |
Summary: Homes in Manahawkin had an average of 21 days on market in May 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manahawkin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 52 homes were sold in Manahawkin; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% 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.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.