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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Wildwood is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Wildwood was a Seller's Market.

Key Takeaway

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

Housing Prices in North Wildwood, NJ

How much do homes in North Wildwood, NJ cost?

Median Sold Price

$485,000

$606/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$145,000(+42.6%)

Key Takeaway

Homes in North Wildwood have sold for 42.6% more than they did a year ago.

Summary: The median home sold price in North Wildwood was $485,000 in November 2024, up 42.6% from last year, and the median price per square foot was $606.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$312.5K
+11.6%
2 $380K$382K
0.5%
3 $528K$729.9K
+38.2%
4 $812.4K$807.5K
-0.6%
5+ $862.5K$1.9M
+120.9%

Summary: North Wildwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 38.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 120.9%.

Median Sold Price Compared To Nearby Cities

North Wildwood
+42.6%
Middle Township
+16.0%

Housing Supply in North Wildwood, NJ

How many homes are available in North Wildwood, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
27270.0%

Summary: The North Wildwood real estate market had 27 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 99
0.0%
2 89
+12.5%
3 32
-33.3%
4 44
0.0%
5+ 33
0.0%

Summary: The North Wildwood 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 increased by 12.5%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 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 Wildwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in North Wildwood in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for North Wildwood, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days28 Days+27.3%

Summary: Homes in North Wildwood had an average of 28 days on market in Nov 2024, up by 27.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in North Wildwood; 67% of homes were sold within 30 days, 33% 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 17 Days Ago

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