$5,344 Closing Credit*
$450,000
1,240 SqFt
3 Beds
•2 Full Baths, 1 Partial
Diane DeRose, Listing Office: Keller Williams Shore Properties
Is Ocean Gate, 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, 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
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+1.8%)
Key Takeaway
Homes in Ocean Gate have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Ocean Gate was $425,000 in October 2024, up 1.8% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $227.3K | N/A |
| 2 Bedrooms | $301.5K | $351.4K | +16.6% |
| 3 Bedrooms | $399K | $417.5K | +4.6% |
| 4 Bedrooms | $475.7K | $580K | +21.9% |
| 5+ Bedrooms | $470K | $455K | -3.2% |
Summary: Ocean Gate 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 16.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Bayville | $464.2K | $495K | +6.6% |
| Berkeley Township | $325K | $344.1K | +5.9% |
| Ocean Gate | $417.5K | $425K | +1.8% |
Housing Supply in Ocean Gate, NJ
How many homes are available in Ocean Gate, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Ocean Gate real estate market had 11 homes for sale in October 2024, a 22.2% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ocean Gate 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Gate, 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 Ocean Gate in October 2024, up by 200.0% 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 Ocean Gate, NJ
How long does it take to sell a home in Ocean Gate, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 14 Days | -57.4% |
Summary: Homes in Ocean Gate had an average of 14 days on market in Oct 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
3 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 Ocean Gate are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Ocean Gate; 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.
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.