$3,503 Closing Credit*
$295,000
836 SqFt
1 Bed
•1 Full Bath
Qizhan Yao, Listing Office: Realmart Realty LLC.
Is Ocean Gate, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ocean Gate has remained a Seller's Market.
Key Takeaway
Ocean Gate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ocean Gate, NJ
How much do homes in Ocean Gate, NJ cost?
Median Sold Price
$425,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+6.5%)
Key Takeaway
Homes in Ocean Gate have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Ocean Gate was $425,000 in November 2024, up 6.5% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.3K | - | N/A |
| 2 Bedrooms | $301.5K | $351.4K | +16.6% |
| 3 Bedrooms | $386.9K | $419K | +8.3% |
| 4 Bedrooms | $482.5K | $580K | +20.2% |
| 5+ Bedrooms | $470K | $455K | -3.2% |
Summary: Ocean Gate housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Bayville | $470K | $502.5K | +6.9% |
| Ocean Gate | $399K | $425K | +6.5% |
| Berkeley Township | $325.3K | $345K | +6.0% |
Housing Supply in Ocean Gate, NJ
How many homes are available in Ocean Gate, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Ocean Gate real estate market had 11 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ocean Gate 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 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Gate, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ocean Gate in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ocean Gate, NJ
How long does it take to sell a home in Ocean Gate, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 120 Days | +963.2% |
Summary: Homes in Ocean Gate had an average of 120 days on market in Nov 2024, up by 963.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ocean Gate has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Ocean Gate; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.