$10,000 Closing Credit*
$1,475,000
3 Beds
•2 Full Baths
Louis Raffetto, Listing Office: Burke&Manna Real Estate Agency
Is Sea Bright, 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, Sea Bright has remained a Seller's Market.
Key Takeaway
Sea Bright is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sea Bright, NJ
How much do homes in Sea Bright, NJ cost?
Median Sold Price
$1,449,000
$733/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$311,500(+27.4%)
Key Takeaway
Homes in Sea Bright have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in Sea Bright was $1,449,000 in October 2024, up 27.4% from last year, and the median price per square foot was $733.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438.5K | $454.5K | +3.6% |
| 2 Bedrooms | $920K | $999K | +8.6% |
| 3 Bedrooms | $1.1M | $1.4M | +27.4% |
| 4 Bedrooms | $2.0M | $1.8M | -10.0% |
| 5+ Bedrooms | $2.9M | $2.4M | -16.5% |
Summary: Sea Bright housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 27.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Sea Bright | $1.1M | $1.4M | +27.4% |
| Middletown Township | $570.7K | $636.1K | +11.5% |
| Rumson | $1.9M | $2.1M | +7.5% |
| Monmouth Beach | $899K | $862.5K | -4.1% |
Housing Supply in Sea Bright, NJ
How many homes are available in Sea Bright, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Sea Bright real estate market had 23 homes for sale in October 2024, a 8.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Sea Bright 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 42.9%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sea Bright, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sea Bright in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Sea Bright, NJ
How long does it take to sell a home in Sea Bright, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 51 Days | -31.7% |
Summary: Homes in Sea Bright had an average of 51 days on market in Oct 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sea Bright are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Sea Bright; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.