Is Seaside Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Seaside Park was a Seller's Market.
Housing Prices in Seaside Park, NJ
How much do homes in Seaside Park, NJ cost?
Median Sold Price
$825,000
$564/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seaside Park was $825,000 in May 2024, up 16.2% from last year, and the median price per square foot was $564.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217.5K | $292.5K | +34.5% |
2 Bedrooms | $475K | $605K | +27.4% |
3 Bedrooms | $570K | $797.5K | +39.9% |
4 Bedrooms | $750K | $882K | +17.6% |
5+ Bedrooms | $995K | $1.2M | +25.6% |
Summary: Seaside Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.5%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 39.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
Seaside Heights | $595K | $729.9K | +22.7% |
Seaside Park | $710K | $825K | +16.2% |
Berkeley Township | $315K | $336.5K | +6.8% |
Housing Supply in Seaside Park, NJ
How many homes are available in Seaside Park, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 46 | +27.8% |
Summary: The Seaside Park real estate market had 46 homes for sale in May 2024, a 27.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Seaside Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Seaside Park in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 22 Days | -32.9% |
Summary: Homes in Seaside Park had an average of 22 days on market in May 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Seaside Park; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.