$2,672 Closing Credit*
$225,000
1,801 SqFt
4 Beds
•1 Full Bath
Anthony Chiolo, Listing Office: Keller Williams Realty - Wildwood Crest
Is Minotola, 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, Minotola has remained a Seller's Market.
Key Takeaway
Minotola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Minotola, NJ
How much do homes in Minotola, NJ cost?
Median Sold Price
$300,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,500(+18.8%)
Key Takeaway
Homes in Minotola have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Minotola was $300,000 in October 2024, up 18.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227K | $177.5K | -21.8% |
| 3 Bedrooms | $257.5K | $319.9K | +24.3% |
| 4 Bedrooms | $252.5K | $368K | +45.7% |
| 5+ Bedrooms | $457.5K | - | N/A |
Summary: Minotola 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 decreased by 21.8%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 45.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Minotola | $252.5K | $300K | +18.8% |
| Buena | $252.5K | $299.9K | +18.8% |
Housing Supply in Minotola, NJ
How many homes are available in Minotola, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Minotola real estate market had 9 homes for sale in October 2024, a 28.6% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Minotola 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 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 Minotola, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Minotola in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Minotola, NJ
How long does it take to sell a home in Minotola, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 23 Days | -38.9% |
Summary: Homes in Minotola had an average of 23 days on market in Oct 2024, down by 38.9% compared to last year.
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
Key Takeaway
Many homes in Minotola are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Minotola; 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.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.