$10,000 Closing Credit*
$1,289,000
1,659 SqFt
6 Beds
•4 Full Baths
Christopher Kavan, Listing Office: C21/ Coastal Realtors
Is Ocean Grove, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Ocean Grove has remained a Seller's Market.
Key Takeaway
Ocean Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ocean Grove, NJ
How much do homes in Ocean Grove, NJ cost?
Median Sold Price
$859,000
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$124,000(+16.9%)
Key Takeaway
Homes in Ocean Grove have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Ocean Grove was $859,000 in December 2024, up 16.9% from last year, and the median price per square foot was $589.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $402.5K | $499K | +24.0% |
| 2 Bedrooms | $620K | $694K | +11.9% |
| 3 Bedrooms | $741.2K | $818.2K | +10.4% |
| 4 Bedrooms | $801K | $1.1M | +40.4% |
| 5+ Bedrooms | $1.2M | $1.0M | -15.3% |
Summary: Ocean Grove housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 40.4%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Ocean Grove | $735K | $859K | +16.9% |
| Bradley Park | $429.5K | $393K | -8.5% |
Housing Supply in Ocean Grove, NJ
How many homes are available in Ocean Grove, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Summary: The Ocean Grove real estate market had 16 homes for sale in December 2024, a 30.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Ocean Grove housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
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 Grove, 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 Grove in December 2024, down by 50.0% 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 Grove, NJ
How long does it take to sell a home in Ocean Grove, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 10 Days | 37 Days | +276.7% |
Summary: Homes in Ocean Grove had an average of 37 days on market in Dec 2024, up by 276.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ocean Grove has remained consistent over time.
Summary: During December 2024, 3 homes were sold in Ocean Grove; 33% of homes were sold within 30 days, 67% 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 © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.