$5,926 Closing Credit*
$499,000
2,476 SqFt
5 Beds
•3 Full Baths, 1 Partial
Patricia Simler, Listing Office: RE/MAX Realty 9
Is Absecon, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Absecon has remained a Seller's Market.
Key Takeaway
Absecon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Absecon, NJ
How much do homes in Absecon, NJ cost?
Median Sold Price
$307,490
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$72,490(+30.8%)
Key Takeaway
Homes in Absecon have sold for 30.8% more than they did a year ago.
Summary: The median home sold price in Absecon was $307,490 in October 2024, up 30.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $179.9K | +9.0% |
| 2 Bedrooms | $158.2K | $210.4K | +33.0% |
| 3 Bedrooms | $294K | $314.9K | +7.1% |
| 4 Bedrooms | $319.5K | $390K | +22.1% |
| 5+ Bedrooms | $449K | $467.5K | +4.1% |
Summary: Absecon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 33%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Galloway Township | $185K | $293.7K | +58.8% |
| Pleasantville | $175K | $239K | +36.6% |
| Absecon | $235K | $307.4K | +30.8% |
| Atlantic City | $211.8K | $239K | +12.8% |
| Egg Harbor Township | $315.9K | $345K | +9.2% |
Housing Supply in Absecon, NJ
How many homes are available in Absecon, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Absecon real estate market had 29 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Absecon 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 decreased by 10%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Absecon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Absecon in October 2024, up by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Absecon, NJ
How long does it take to sell a home in Absecon, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 51 Days | +37.1% |
Summary: Homes in Absecon had an average of 51 days on market in Oct 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Absecon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Absecon; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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. 
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.