Is Seaside Park, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seaside Park is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Seaside Park has remained a Seller's Market.

Key Takeaway

Seaside Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Seaside Park, NJ

How much do homes in Seaside Park, NJ cost?

Median Sold Price

$829,000

$598/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$117,500(+16.5%)

Key Takeaway

Homes in Seaside Park have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in Seaside Park was $829,000 in October 2024, up 16.5% from last year, and the median price per square foot was $598.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $230K$301K
+30.9%
2 $492.5K$592K
+20.2%
3 $795K$755K
-5.0%
4 $780K$1.0M
+36.5%
5+ $1.2M$999.9K
-20.0%

Summary: Seaside Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.9%, 2 bedroom homes increased by 20.2%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 36.5%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Cities

Seaside Park
+16.5%
Seaside Heights
+15.6%
Berkeley Township
+5.9%

Housing Supply in Seaside Park, NJ

How many homes are available in Seaside Park, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
39390.0%

Summary: The Seaside Park real estate market had 39 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 98
-11.1%
3 119
-18.2%
4 57
+40.0%
5+ 1414
0.0%

Summary: The Seaside Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seaside Park, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Seaside Park in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Seaside Park, NJ

How long does it take to sell a home in Seaside Park, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days35 Days-15.9%

Summary: Homes in Seaside Park had an average of 35 days on market in Oct 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Seaside Park; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 Seaside Park, NJ

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