Is Belmar, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belmar is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Belmar was a Seller's Market.

Key Takeaway

Belmar is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Belmar, NJ

How much do homes in Belmar, NJ cost?

Median Sold Price

$860,000

$577/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$170,000(+24.6%)

Key Takeaway

Homes in Belmar have sold for 24.6% more than they did a year ago.

Summary: The median home sold price in Belmar was $860,000 in December 2024, up 24.6% from last year, and the median price per square foot was $577.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $367.5K$387.5K
+5.4%
2 $599K$598.5K
-0.1%
3 $715K$799K
+11.7%
4 $1.4M$1.3M
-9.5%
5+ $1.2M$1.6M
+33.3%

Summary: Belmar housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Cities

Belmar
+24.6%
Avon-by-the-Sea
+21.9%
Neptune
+10.0%
Neptune Township
+6.9%

Housing Supply in Belmar, NJ

How many homes are available in Belmar, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4131-24.4%

Summary: The Belmar real estate market had 31 homes for sale in December 2024, a 24.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 63
-50.0%
2 54
-20.0%
3 85
-37.5%
4 98
-11.1%
5+ 1311
-15.4%

Summary: The Belmar housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belmar, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Belmar in December 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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

Dec 2023Dec 2024CHANGE
59 Days127 Days+116.0%

Summary: Homes in Belmar had an average of 127 days on market in Dec 2024, up by 116% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Belmar are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 5 homes were sold in Belmar; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Belmar, NJ

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