$7,955 Closing Credit*
$669,900
2,435 SqFt
2 Beds
•2 Full Baths
Casey Quinn, Listing Office: RE/MAX at Barnegat Bay - Forked River
Is Lanoka Harbor, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lanoka Harbor has remained a Seller's Market.
Key Takeaway
Lanoka Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lanoka Harbor, NJ
How much do homes in Lanoka Harbor, NJ cost?
Median Sold Price
$560,500
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,500(+18.0%)
Key Takeaway
Homes in Lanoka Harbor have sold for 18% more than they did a year ago.
Summary: The median home sold price in Lanoka Harbor was $560,500 in October 2024, up 18% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $580K | +87.1% |
| 3 Bedrooms | $376.5K | $479.5K | +27.4% |
| 4 Bedrooms | $579.9K | $620K | +6.9% |
| 5+ Bedrooms | $650K | $730K | +12.3% |
Summary: Lanoka Harbor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 87.1%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Lanoka Harbor | $475K | $560.5K | +18.0% |
| Forked River | $419.9K | $451.6K | +7.6% |
| Lacey Township | $431K | $463.3K | +7.5% |
| Bayville | $464.2K | $495K | +6.6% |
| Berkeley Township | $325K | $344.1K | +5.9% |
Housing Supply in Lanoka Harbor, NJ
How many homes are available in Lanoka Harbor, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 51 | -1.9% |
Summary: The Lanoka Harbor real estate market had 51 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lanoka Harbor 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 increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 18 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lanoka Harbor, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Lanoka Harbor in October 2024, up by 200.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for Lanoka Harbor, NJ
How long does it take to sell a home in Lanoka Harbor, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 25 Days | -58.9% |
Summary: Homes in Lanoka Harbor had an average of 25 days on market in Oct 2024, down by 58.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lanoka Harbor are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Lanoka Harbor; 83% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 11% 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.