Is North Inlet, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Inlet is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, North Inlet has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in North Inlet, NJ

How much do homes in North Inlet, NJ cost?

Median Sold Price

$295,000

$175/sqft

Based on all homes sold in October 2024.

The Median Sold Price hasn't changed since September 2024.

Key Takeaway

The sold price of homes in North Inlet has remained the same since last month.

Summary: The median home sold price in North Inlet was $295,000 in October 2024, the same as last month, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $247.5K$295K
+19.2%
4 $360K-
N/A
5+ --
N/A

Summary: North Inlet 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 increased by 19.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in North Inlet, NJ

How many homes are available in North Inlet, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3127-12.9%

Summary: The North Inlet real estate market had 27 homes for sale in October 2024, a 12.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2825
-10.7%
4 21
-50.0%
5+ 00
0.0%

Summary: The North Inlet 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 decreased by 10.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Inlet, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in North Inlet in October 2024, up by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for North Inlet, NJ

How long does it take to sell a home in North Inlet, NJ?

Average Sale Time

Sep 2024Oct 2024CHANGE
57 Days30 Days-46.8%

Summary: Homes in North Inlet had an average of 30 days on market in Oct 2024, down by 46.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in North Inlet; 50% of homes were sold within 30 days, 50% 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

Newest Listings in North Inlet, NJ

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