Is Asbury Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Asbury Park has remained a Seller's Market.
Key Takeaway
Asbury Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Asbury Park, NJ
How much do homes in Asbury Park, NJ cost?
Median Sold Price
$665,000
$500/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Asbury Park have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Asbury Park was $665,000 in May 2024, up 8.1% from last year, and the median price per square foot was $500.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $407.5K | $429K | +5.3% |
| 2 Bedrooms | $697.5K | $750K | +7.5% |
| 3 Bedrooms | $589K | $750K | +27.3% |
| 4 Bedrooms | $812K | $799K | -1.6% |
| 5+ Bedrooms | $917.5K | $875K | -4.6% |
Summary: Asbury Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Neptune Township | $455.9K | $525K | +15.2% |
| Asbury Park | $615K | $665K | +8.1% |
| Ocean Township | $700K | $697.5K | -0.4% |
Housing Supply in Asbury Park, NJ
How many homes are available in Asbury Park, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 89 | -1.1% |
Summary: The Asbury Park real estate market had 89 homes for sale in May 2024, a 1.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 15 | -11.8% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Asbury Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Asbury Park, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Asbury Park in May 2024, up by 20.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 6% were sold at asking, and 39% were sold over asking.
Days on Market for Asbury Park, NJ
How long does it take to sell a home in Asbury Park, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 45 Days | -3.2% |
Summary: Homes in Asbury Park had an average of 45 days on market in May 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Asbury Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Asbury Park; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.