Is Little Egg Harbor Township, 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, Little Egg Harbor Township has remained a Seller's Market.
Housing Prices in Little Egg Harbor Township, NJ
How much do homes in Little Egg Harbor Township, NJ cost?
Median Sold Price
$365,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Little Egg Harbor Township was $365,000 in May 2024, up 8.9% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $135K | +3.8% |
2 Bedrooms | $262.5K | $270.4K | +3.0% |
3 Bedrooms | $354K | $389.9K | +10.1% |
4 Bedrooms | $449K | $490K | +9.1% |
5+ Bedrooms | $529.9K | $599K | +13.0% |
Summary: Little Egg Harbor Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
West Creek | $360K | $588.5K | +63.5% |
Eagleswood Township | $349K | $425K | +21.8% |
Little Egg Harbor Township | $335.1K | $365K | +8.9% |
Tuckerton | $360K | $389.9K | +8.3% |
Beach Haven | $1.7M | $1.6M | -1.6% |
Housing Supply in Little Egg Harbor Township, NJ
How many homes are available in Little Egg Harbor Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
206 | 206 | 0.0% |
Summary: The Little Egg Harbor Township real estate market had 206 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 60 | 47 | -21.7% |
3 Bedrooms | 98 | 101 | +3.1% |
4 Bedrooms | 37 | 51 | +37.8% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Little Egg Harbor Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 37.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 44 | +22.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Little Egg Harbor Township in May 2024, up by 22.2% month-over-month. Of the 44 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% were sold over asking.
Days on Market for Little Egg Harbor Township, NJ
How long does it take to sell a home in Little Egg Harbor Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 39 Days | -4.4% |
Summary: Homes in Little Egg Harbor Township had an average of 39 days on market in May 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Little Egg Harbor Township; 59% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.