$10,000 Closing Credit*
$915,000
3 Beds
•3 Full Baths
Ariana Frost, Listing Office: O'Brien Realty, LLC
Is Oceanport, 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, Oceanport has remained a Seller's Market.
Key Takeaway
Oceanport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oceanport, NJ
How much do homes in Oceanport, NJ cost?
Median Sold Price
$779,000
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,550(+0.2%)
Key Takeaway
The sold price of homes in Oceanport has remained the same since last year.
Summary: The median home sold price in Oceanport was $779,000 in October 2024, up 0.2% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $515K | $632.4K | +22.8% |
| 3 Bedrooms | $736K | $750K | +1.9% |
| 4 Bedrooms | $875K | $970K | +10.9% |
| 5+ Bedrooms | $1.4M | $1.1M | -20.7% |
Summary: Oceanport 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 22.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Cities
| West Long Branch | $790K | $843.5K | +6.8% |
| Long Branch | $735K | $765K | +4.1% |
| Little Silver | $915K | $918K | 0.3% |
| Oceanport | $777.4K | $779K | 0.2% |
Housing Supply in Oceanport, NJ
How many homes are available in Oceanport, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Oceanport real estate market had 28 homes for sale in October 2024, a 6.7% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Oceanport 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oceanport, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Oceanport in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Oceanport, NJ
How long does it take to sell a home in Oceanport, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 24 Days | -43.8% |
Summary: Homes in Oceanport had an average of 24 days on market in Oct 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oceanport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Oceanport; 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.
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.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.