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 buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Harvey Cedars has remained a Buyer's Market.

Key Takeaway

Harvey Cedars is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Harvey Cedars, NJ

How much do homes in Harvey Cedars, NJ cost?

Median Sold Price

$1,128,000

$684/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,984,500(-63.8%)

Key Takeaway

Homes in Harvey Cedars have sold for 63.8% less than they did a month ago.

Summary: The median home sold price in Harvey Cedars was $1,128,000 in October 2024, down 63.8% from last month, and the median price per square foot was $684.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $1.5M-
N/A
3 --
N/A
4 -$2.0M
N/A
5+ $4.7M$195K
-95.9%

Summary: Harvey Cedars housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 95.9%.

Housing Supply in Harvey Cedars, NJ

How many homes are available in Harvey Cedars, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2019-5.0%

Summary: The Harvey Cedars real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 76
-14.3%
4 67
+16.7%
5+ 66
0.0%

Summary: The Harvey Cedars housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harvey Cedars, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Harvey Cedars in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

Sep 2024Oct 2024CHANGE
82 Days7 Days-90.9%

Summary: Homes in Harvey Cedars had an average of 7 days on market in Oct 2024, down by 90.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harvey Cedars are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Harvey Cedars; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

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