$5,438 Closing Credit*
$457,900
1,338 SqFt
2 Beds
•2 Full Baths
Clementine Tomarchio, Listing Office: Coldwell Banker Riviera Realty
Is Silver Ridge Park Westerly, 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, Silver Ridge Park Westerly has remained a Seller's Market.
Key Takeaway
Silver Ridge Park Westerly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Ridge Park Westerly, NJ
How much do homes in Silver Ridge Park Westerly, NJ cost?
Median Sold Price
$307,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+3.4%)
Key Takeaway
Homes in Silver Ridge Park Westerly have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Silver Ridge Park Westerly was $307,000 in October 2024, up 3.4% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $297K | $307K | +3.4% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Silver Ridge Park Westerly 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 3.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Silver Ridge Park North | $285K | $319.9K | +12.2% |
| Silver Ridge Park West | $274.9K | $305K | +10.9% |
| Silver Ridge Park | $280K | $299.9K | +7.1% |
| Holiday City | $299.9K | $315K | +5.0% |
| Silver Ridge Park Westerly | $297K | $307K | +3.4% |
Housing Supply in Silver Ridge Park Westerly, NJ
How many homes are available in Silver Ridge Park Westerly, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Summary: The Silver Ridge Park Westerly real estate market had 9 homes for sale in October 2024, a 35.7% 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 | 14 | 9 | -35.7% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Ridge Park Westerly 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 decreased by 35.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Ridge Park Westerly, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Silver Ridge Park Westerly in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Silver Ridge Park Westerly, NJ
How long does it take to sell a home in Silver Ridge Park Westerly, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 24 Days | +140.0% |
Summary: Homes in Silver Ridge Park Westerly had an average of 24 days on market in Oct 2024, up by 140% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Ridge Park Westerly are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Silver Ridge Park Westerly; 67% of homes were sold within 30 days, 0% 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.