$10,000 Closing Credit*
$2,199,000
5 Beds
•4 Full Baths, 1 Partial
Listing Office: RE/MAX PREFERRED - Sea Isle City
Is 08243, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 08243 has remained a Buyer's Market.
Key Takeaway
08243 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08243, NJ
How much do homes in 08243, NJ cost?
Median Sold Price
$1,250,000
$731/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$150,000(-10.7%)
Key Takeaway
Homes in 08243 have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in 08243 was $1,250,000 in November 2024, down 10.7% from last year, and the median price per square foot was $731.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $192.5K | N/A |
| 2 Bedrooms | $514.5K | $812.5K | +57.9% |
| 3 Bedrooms | $812.9K | $825K | +1.5% |
| 4 Bedrooms | $1.2M | $1.4M | +16.3% |
| 5+ Bedrooms | $1.9M | $1.8M | -6.7% |
Summary: 08243 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Zip Codes
| 08210 | $434.5K | $458K | +5.4% |
| 08243 | $1.4M | $1.2M | -10.7% |
Housing Supply in 08243, NJ
How many homes are available in 08243, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The 08243 real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 08243 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08243, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 08243 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 08243, NJ
How long does it take to sell a home in 08243, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 68 Days | +112.5% |
Summary: Homes in 08243 had an average of 68 days on market in Nov 2024, up by 112.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08243 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 08243; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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.