Is Oceanport, 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, Oceanport has remained a Seller's Market.
Housing Prices in Oceanport, NJ
How much do homes in Oceanport, NJ cost?
Median Sold Price
$750,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oceanport was $750,000 in May 2024, down 4.2% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $525K | $540K | +2.9% |
3 Bedrooms | $698.7K | $750K | +7.3% |
4 Bedrooms | $817.5K | $955K | +16.8% |
5+ Bedrooms | $1.1M | $1.1M | -4.6% |
Summary: Oceanport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
Long Branch | $745K | $760K | +2.0% |
Oceanport | $782.5K | $750K | -4.2% |
West Long Branch | $815K | $780K | -4.3% |
Housing Supply in Oceanport, NJ
How many homes are available in Oceanport, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The Oceanport real estate market had 26 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 11 | 8 | -27.3% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Oceanport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Oceanport in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Oceanport, NJ
How long does it take to sell a home in Oceanport, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 17 Days | -52.9% |
Summary: Homes in Oceanport had an average of 17 days on market in May 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Oceanport; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.