Is Pine Beach, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Beach is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Pine Beach was a Neutral Market.

Key Takeaway

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

Housing Prices in Pine Beach, NJ

How much do homes in Pine Beach, NJ cost?

Median Sold Price

$575,000

$322/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$55,050(+10.6%)

Key Takeaway

Homes in Pine Beach have sold for 10.6% more than they did a month ago.

Summary: The median home sold price in Pine Beach was $575,000 in October 2024, up 10.6% from last month, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $465K$500K
+7.5%
4 $574.9K$650K
+13.1%
5+ --
N/A

Summary: Pine Beach housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes did not change.

Housing Supply in Pine Beach, NJ

How many homes are available in Pine Beach, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1315+15.4%

Summary: The Pine Beach real estate market had 15 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 66
0.0%
4 34
+33.3%
5+ 32
-33.3%

Summary: The Pine Beach 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 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Beach, 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 Pine Beach in October 2024, the same as the previous 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 Pine Beach, NJ

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

Average Sale Time

Sep 2024Oct 2024CHANGE
36 Days40 Days+11.0%

Summary: Homes in Pine Beach had an average of 40 days on market in Oct 2024, up by 11% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Pine Beach; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Pine Beach, NJ

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