$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 Last Month
Since last month, 08243 has remained a Seller's Market.
Key Takeaway
08243 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08243, NJ
How much do homes in 08243, NJ cost?
Median Sold Price
$1,710,000
$848/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$110,000(-6.0%)
Key Takeaway
Homes in 08243 have sold for 6% less than they did a month ago.
Summary: The median home sold price in 08243 was $1,710,000 in October 2024, down 6% from last month, and the median price per square foot was $848.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $799K | $715K | -10.5% |
| 4 Bedrooms | $2.5M | - | N/A |
| 5+ Bedrooms | $1.8M | $2.4M | +36.5% |
Summary: 08243 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 36.5%.
Median Sold Price Compared To Nearby Zip Codes
| 08210 | $504.9K | $642.4K | +27.2% |
| 08243 | $1.8M | $1.7M | -6.0% |
Housing Supply in 08243, NJ
How many homes are available in 08243, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The 08243 real estate market had 16 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 08243 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08243, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 08243 in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 Days | 200 Days | +80.8% |
Summary: Homes in 08243 had an average of 200 days on market in Oct 2024, up by 80.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 08243 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in 08243; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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.