Is Oakhurst, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakhurst is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Oakhurst, NJ

How much do homes in Oakhurst, NJ cost?

Median Sold Price

$787,500

$464/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$87,500(+12.5%)

Key Takeaway

Homes in Oakhurst have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Oakhurst was $787,500 in October 2024, up 12.5% from last year, and the median price per square foot was $464.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350K-
N/A
2 $470K$620K
+31.9%
3 $710K$700K
-1.4%
4 $640.9K$870K
+35.7%
5+ $1.1M$1.3M
+15.2%

Summary: Oakhurst 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 31.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 15.2%.

Housing Supply in Oakhurst, NJ

How many homes are available in Oakhurst, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3732-13.5%

Summary: The Oakhurst real estate market had 32 homes for sale in October 2024, a 13.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 1110
-9.1%
4 1311
-15.4%
5+ 910
+11.1%

Summary: The Oakhurst 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 decreased by 75%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakhurst, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Oakhurst in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Oakhurst, NJ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days68 Days+65.9%

Summary: Homes in Oakhurst had an average of 68 days on market in Oct 2024, up by 65.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Oakhurst; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

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