Is Harvey Cedars, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harvey Cedars is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Harvey Cedars has remained a Seller's Market.

Key Takeaway

Harvey Cedars is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Harvey Cedars, NJ

How much do homes in Harvey Cedars, NJ cost?

Median Sold Price

$1,875,000

$1,044/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$200,000(-9.6%)

Key Takeaway

Homes in Harvey Cedars have sold for 9.6% less than they did a year ago.

Summary: The median home sold price in Harvey Cedars was $1,875,000 in November 2024, down 9.6% from last year, and the median price per square foot was $1,044.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$599K
N/A
2 -$1.5M
N/A
3 $1.1M$1.1M
-0.4%
4 $1.9M$1.8M
-2.5%
5+ $3.1M$3.8M
+20.6%

Summary: Harvey Cedars 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 did not change, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 20.6%.

Median Sold Price Compared To Nearby Cities

Long Beach Township
+11.5%
Barnegat Township
+2.8%
Stafford Township
+2.4%
Harvey Cedars
-9.6%

Housing Supply in Harvey Cedars, NJ

How many homes are available in Harvey Cedars, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2017-15.0%

Summary: The Harvey Cedars real estate market had 17 homes for sale in November 2024, a 15.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 77
0.0%
4 74
-42.9%
5+ 65
-16.7%

Summary: The Harvey Cedars 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harvey Cedars, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Harvey Cedars in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Harvey Cedars, NJ

How long does it take to sell a home in Harvey Cedars, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
100 Days52 Days-47.4%

Summary: Homes in Harvey Cedars had an average of 52 days on market in Nov 2024, down by 47.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Harvey Cedars has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Harvey Cedars; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Harvey Cedars, NJ

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