Is Little Egg Harbor Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little Egg Harbor Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Little Egg Harbor Township has remained a Seller's Market.

Key Takeaway

Little Egg Harbor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Little Egg Harbor Township, NJ

How much do homes in Little Egg Harbor Township, NJ cost?

Median Sold Price

$389,900

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,900(+11.4%)

Key Takeaway

Homes in Little Egg Harbor Township have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Little Egg Harbor Township was $389,900 in November 2024, up 11.4% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $142K$155K
+9.2%
2 $260K$299.5K
+15.2%
3 $365K$401K
+9.9%
4 $490K$500K
+2.0%
5+ $529.4K$630K
+19.0%

Summary: Little Egg Harbor Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 19%.

Median Sold Price Compared To Nearby Cities

Beach Haven
+19.4%
West Creek
+15.3%
Tuckerton
+12.9%
Little Egg Harbor Township
+11.4%

Housing Supply in Little Egg Harbor Township, NJ

How many homes are available in Little Egg Harbor Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
186179-3.8%

Summary: The Little Egg Harbor Township real estate market had 179 homes for sale in November 2024, a 3.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 4733
-29.8%
3 8590
+5.9%
4 4139
-4.9%
5+ 1317
+30.8%

Summary: The Little Egg Harbor Township 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 decreased by 29.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5132-37.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little Egg Harbor Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Little Egg Harbor Township in November 2024, down by 37.3% month-over-month. Of the 32 sold homes, 50% were sold under asking, 9% were sold at asking, and 41% were sold over asking.

Days on Market for Little Egg Harbor Township, NJ

How long does it take to sell a home in Little Egg Harbor Township, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days38 Days+13.5%

Summary: Homes in Little Egg Harbor Township had an average of 38 days on market in Nov 2024, up by 13.5% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Little Egg Harbor Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 32 homes were sold in Little Egg Harbor Township; 63% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% 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 Little Egg Harbor Township, NJ

Nearby Markets to Little Egg Harbor Township, NJ

What housing markets are near Little Egg Harbor Township, NJ?