$4,799,000
3,792 SqFt
5 Beds
•4 Full Baths, 1 Partial
Gavin Hodgson, Listing Office: Island Realty-Surf City
Is Surf City, 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, Surf City was a Seller's Market.
Key Takeaway
Surf City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Surf City, NJ
How much do homes in Surf City, NJ cost?
Median Sold Price
$1,755,000
$810/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$194,950(-10.0%)
Key Takeaway
Homes in Surf City have sold for 10% less than they did a year ago.
Summary: The median home sold price in Surf City was $1,755,000 in October 2024, down 10% from last year, and the median price per square foot was $810.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $401K | N/A |
| 2 Bedrooms | $900K | $849K | -5.7% |
| 3 Bedrooms | $1.4M | $1.0M | -24.8% |
| 4 Bedrooms | $1.6M | $1.7M | +11.1% |
| 5+ Bedrooms | $2.3M | $2.5M | +6.2% |
Summary: Surf City 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 decreased by 5.7%, 3 bedroom homes decreased by 24.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Long Beach Township | $1.7M | $1.9M | +11.4% |
| Stafford Township | $511.4K | $516.5K | +1.0% |
| Surf City | $1.9M | $1.7M | -10.0% |
Housing Supply in Surf City, NJ
How many homes are available in Surf City, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Surf City real estate market had 27 homes for sale in October 2024, a 22.7% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Surf City 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Surf City, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Surf City in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Surf City, NJ
How long does it take to sell a home in Surf City, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 53 Days | -14.3% |
Summary: Homes in Surf City had an average of 53 days on market in Oct 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Surf City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Surf City; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.