$4,026 Closing Credit*
$339,000
1,461 SqFt
3 Beds
•2 Full Baths
Listing Office: ZONA REAL ESTATE, INC
Is Absecon, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Absecon was a Buyer'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
$310,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$90,000(+40.9%)
Key Takeaway
Homes in Absecon have sold for 40.9% more than they did a year ago.
Summary: The median home sold price in Absecon was $310,000 in November 2024, up 40.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $179.9K | +9.0% |
| 2 Bedrooms | $158.2K | $225K | +42.2% |
| 3 Bedrooms | $287K | $314.9K | +9.8% |
| 4 Bedrooms | $289K | $390K | +34.9% |
| 5+ Bedrooms | $449K | $467.5K | +4.1% |
Summary: Absecon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 42.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Galloway Township | $195.1K | $295K | +51.2% |
| Absecon | $220K | $310K | +40.9% |
| Pleasantville | $175K | $242K | +38.3% |
| Atlantic City | $218.7K | $239.6K | +9.5% |
| Egg Harbor Township | $335K | $355K | +6.0% |
Housing Supply in Absecon, NJ
How many homes are available in Absecon, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The Absecon real estate market had 24 homes for sale in November 2024, a 14.3% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Absecon 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 decreased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Absecon, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Absecon in November 2024, down by 14.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 17 Days | +9.4% |
Summary: Homes in Absecon had an average of 17 days on market in Nov 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Absecon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Absecon; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.