$10,000 Closing Credit*
$1,479,000
1,801 SqFt
2 Beds
•2 Full Baths
Ty Trill, Listing Office: Curran Group Real Estate Services
Is Asbury Park, 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, Asbury Park has remained a Seller's Market.
Key Takeaway
Asbury Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Asbury Park, NJ
How much do homes in Asbury Park, NJ cost?
Median Sold Price
$700,000
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$87,500(+14.3%)
Key Takeaway
Homes in Asbury Park have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Asbury Park was $700,000 in November 2024, up 14.3% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $457.4K | +10.2% |
| 2 Bedrooms | $725K | $719.5K | -0.8% |
| 3 Bedrooms | $610K | $771.1K | +26.4% |
| 4 Bedrooms | $712K | $812.5K | +14.1% |
| 5+ Bedrooms | $945K | $900K | -4.8% |
Summary: Asbury Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Asbury Park | $612.5K | $700K | +14.3% |
| Ocean Township | $700K | $750K | +7.1% |
| Neptune Township | $500K | $530.8K | +6.2% |
Housing Supply in Asbury Park, NJ
How many homes are available in Asbury Park, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 77 | -4.9% |
Summary: The Asbury Park real estate market had 77 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 16 | -5.9% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 28 | 21 | -25.0% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Asbury Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.9%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Asbury Park, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Asbury Park in November 2024, up by 26.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 11% were sold at asking, and 37% were sold over asking.
Days on Market for Asbury Park, NJ
How long does it take to sell a home in Asbury Park, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +16.6% |
Summary: Homes in Asbury Park had an average of 31 days on market in Nov 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Asbury Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Asbury Park; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% 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.