$3,076 Closing Credit*
$259,000
3 Beds
•1 Full Bath
Listing Office: Compass New Jersey-Ocean City
Is Egg Harbor City, 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, Egg Harbor City was a Buyer's Market.
Key Takeaway
Egg Harbor City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Egg Harbor City, NJ
How much do homes in Egg Harbor City, NJ cost?
Median Sold Price
$305,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+17.3%)
Key Takeaway
Homes in Egg Harbor City have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Egg Harbor City was $305,000 in November 2024, up 17.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | - | N/A |
| 2 Bedrooms | $221.5K | $245K | +10.6% |
| 3 Bedrooms | $260K | $307.5K | +18.3% |
| 4 Bedrooms | $265K | $380K | +43.4% |
| 5+ Bedrooms | $358.5K | $333K | -7.1% |
Summary: Egg Harbor City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Galloway Township | $195.1K | $295K | +51.2% |
| Washington Township | $335K | $405K | +20.9% |
| Egg Harbor City | $260K | $305K | +17.3% |
| Mullica Township | $385K | $351.9K | -8.6% |
Housing Supply in Egg Harbor City, NJ
How many homes are available in Egg Harbor City, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 48 | -25.0% |
Summary: The Egg Harbor City real estate market had 48 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 42 | 27 | -35.7% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Egg Harbor City 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 increased by 42.9%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 14 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Egg Harbor City, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Egg Harbor City in November 2024, down by 41.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Egg Harbor City, NJ
How long does it take to sell a home in Egg Harbor City, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 19 Days | -73.1% |
Summary: Homes in Egg Harbor City had an average of 19 days on market in Nov 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Egg Harbor City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Egg Harbor City; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.