$5,047 Closing Credit*
$425,000
3 Beds
•1 Full Bath
Michael Mizrahi, Listing Office: Weichert Realtors
Is South Toms River, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South Toms River was a Neutral Market.
Key Takeaway
South Toms River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Toms River, NJ
How much do homes in South Toms River, NJ cost?
Median Sold Price
$375,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.7%)
Key Takeaway
Homes in South Toms River have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in South Toms River was $375,000 in October 2024, up 2.7% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249K | $352K | +41.4% |
| 3 Bedrooms | $365K | $375K | +2.7% |
| 4 Bedrooms | $369.9K | $632K | +70.9% |
| 5+ Bedrooms | - | $438.7K | N/A |
Summary: South Toms River 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 41.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 70.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Toms River Township | $369.7K | $410K | +10.9% |
| Toms River | $359.9K | $392.2K | +9.0% |
| Beachwood | $400K | $435K | +8.8% |
| Bayville | $464.2K | $495K | +6.6% |
| South Toms River | $365K | $375K | +2.7% |
Housing Supply in South Toms River, NJ
How many homes are available in South Toms River, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The South Toms River real estate market had 10 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Toms River 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 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Toms River, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South Toms River in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Toms River, NJ
How long does it take to sell a home in South Toms River, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 9 Days | -35.7% |
Summary: Homes in South Toms River had an average of 9 days on market in Oct 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Toms River are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in South Toms River; 100% 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.