Is Beachwood, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Beachwood has remained a Seller's Market.
Housing Prices in Beachwood, NJ
How much do homes in Beachwood, NJ cost?
Median Sold Price
$420,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Beachwood was $420,000 in May 2024, up 6.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $228.5K | $229K | 0.2% |
2 Bedrooms | $330K | $359.5K | +8.9% |
3 Bedrooms | $380K | $393K | +3.4% |
4 Bedrooms | $450K | $480K | +6.7% |
5+ Bedrooms | $510K | $489.5K | -4.0% |
Summary: Beachwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Pine Beach | $400K | $507.5K | +26.9% |
Bayville | $424K | $503.7K | +18.8% |
South Toms River | $331K | $371K | +12.1% |
Beachwood | $395K | $420K | +6.3% |
Toms River | $352.9K | $370K | +4.8% |
Housing Supply in Beachwood, NJ
How many homes are available in Beachwood, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Summary: The Beachwood real estate market had 35 homes for sale in May 2024, a 2.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 19 | 15 | -21.1% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Beachwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Beachwood in May 2024, the same as the previous month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Beachwood, NJ
How long does it take to sell a home in Beachwood, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 23 Days | -43.6% |
Summary: Homes in Beachwood had an average of 23 days on market in May 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Beachwood; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.