$10,000 Closing Credit*
$1,275,000
2,124 SqFt
6 Beds
•2 Full Baths, 1 Partial
Julia M Queiroz, Listing Office: Sutton Realty Group
Is Belmar, 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, Belmar was a Buyer's Market.
Key Takeaway
Belmar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belmar, NJ
How much do homes in Belmar, NJ cost?
Median Sold Price
$810,000
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$128,000(+18.8%)
Key Takeaway
Homes in Belmar have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Belmar was $810,000 in November 2024, up 18.8% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $367.5K | $387.5K | +5.4% |
| 2 Bedrooms | $595K | $631.9K | +6.2% |
| 3 Bedrooms | $752K | $799K | +6.3% |
| 4 Bedrooms | $1.3M | $1.3M | +2.7% |
| 5+ Bedrooms | $1.2M | $1.6M | +30.0% |
Summary: Belmar housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
| Belmar | $682K | $810K | +18.8% |
| Avon-by-the-Sea | $1.3M | $1.6M | +16.8% |
| Neptune | $453.3K | $500K | +10.3% |
| Neptune Township | $500K | $530.8K | +6.2% |
| Lake Como | $637.5K | $631.9K | -0.9% |
Housing Supply in Belmar, NJ
How many homes are available in Belmar, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Summary: The Belmar real estate market had 45 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Belmar 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 11.1%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Belmar, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Belmar in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Belmar, NJ
How long does it take to sell a home in Belmar, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 62 Days | +348.6% |
Summary: Homes in Belmar had an average of 62 days on market in Nov 2024, up by 348.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belmar are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Belmar; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% 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 or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.