$5,213 Closing Credit*
$439,000
1,260 SqFt
3 Beds
•2 Full Baths
Colleen J Burt, Listing Office: Childers Sotheby's Int Realty
Is Island Heights, 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, Island Heights was a Neutral Market.
Key Takeaway
Island Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Island Heights, NJ
How much do homes in Island Heights, NJ cost?
Median Sold Price
$579,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,500(+6.7%)
Key Takeaway
Homes in Island Heights have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Island Heights was $579,000 in November 2024, up 6.7% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $331K | - | N/A |
| 2 Bedrooms | $325K | $347.5K | +6.9% |
| 3 Bedrooms | $440K | $545K | +23.9% |
| 4 Bedrooms | $999K | $998K | -0.1% |
| 5+ Bedrooms | $1.5M | $1.3M | -16.5% |
Summary: Island Heights 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 6.9%, 3 bedroom homes increased by 23.9%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Toms River Township | $366.3K | $414.9K | +13.3% |
| Toms River | $359.3K | $399.4K | +11.2% |
| Island Heights | $542.5K | $579K | +6.7% |
Housing Supply in Island Heights, NJ
How many homes are available in Island Heights, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Island Heights real estate market had 23 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Island Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +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
Key Takeaway
If you're buying a home in Island Heights, 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 Island Heights 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 Island Heights, NJ
How long does it take to sell a home in Island Heights, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 68 Days | +4.7% |
Summary: Homes in Island Heights had an average of 68 days on market in Nov 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Island Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Island Heights; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.