$4,869 Closing Credit*
$410,000
1,448 SqFt
3 Beds
•1 Full Bath, 1 Partial
Camille A Simms, Listing Office: RE/MAX at Barnegat Bay - Toms River
Is Barnegat Light, 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, Barnegat Light has remained a Buyer's Market.
Key Takeaway
Barnegat Light is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Barnegat Light, NJ
How much do homes in Barnegat Light, NJ cost?
Median Sold Price
$1,650,000
$838/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$345,000(-17.3%)
Key Takeaway
Homes in Barnegat Light have sold for 17.3% less than they did a year ago.
Summary: The median home sold price in Barnegat Light was $1,650,000 in October 2024, down 17.3% from last year, and the median price per square foot was $838.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | - | N/A |
| 2 Bedrooms | - | $525K | N/A |
| 3 Bedrooms | $1.0M | $1.1M | +9.3% |
| 4 Bedrooms | $1.9M | $1.7M | -12.3% |
| 5+ Bedrooms | $2.2M | $2.3M | +3.3% |
Summary: Barnegat Light housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Long Beach Township | $1.7M | $1.9M | +11.4% |
| Berkeley Township | $325K | $344.1K | +5.9% |
| Ocean Township | $538.9K | $550K | +2.1% |
| Barnegat Light | $1.9M | $1.6M | -17.3% |
Housing Supply in Barnegat Light, NJ
How many homes are available in Barnegat Light, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Barnegat Light real estate market had 24 homes for sale in October 2024, a 20.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Barnegat Light 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 20%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
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 Barnegat Light, 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 Barnegat Light in October 2024, up by 100.0% 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 Barnegat Light, NJ
How long does it take to sell a home in Barnegat Light, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 10 Days | -69.7% |
Summary: Homes in Barnegat Light had an average of 10 days on market in Oct 2024, down by 69.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barnegat Light are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Barnegat Light; 100% of homes were sold within 30 days, 0% 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.