Is Waretown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Waretown was a Buyer's Market.
Housing Prices in Waretown, NJ
How much do homes in Waretown, NJ cost?
Median Sold Price
$465,100
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Waretown was $465,100 in May 2024, up 24% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $125K | -40.5% |
2 Bedrooms | $320K | $365K | +14.1% |
3 Bedrooms | $375K | $535.8K | +42.9% |
4 Bedrooms | $475K | $475K | 0.0% |
5+ Bedrooms | $650K | $750K | +15.4% |
Summary: Waretown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.5%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 42.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
Waretown | $375K | $465.1K | +24.0% |
Forked River | $386.2K | $441K | +14.2% |
Ocean Township | $510.3K | $540.6K | +5.9% |
Barnegat Township | $425K | $445K | +4.7% |
Barnegat | $422K | $441.6K | +4.7% |
Housing Supply in Waretown, NJ
How many homes are available in Waretown, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 64 | -11.1% |
Summary: The Waretown real estate market had 64 homes for sale in May 2024, a 11.1% decrease 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 | 20 | 14 | -30.0% |
3 Bedrooms | 39 | 38 | -2.6% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Waretown 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 decreased by 30%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 11 | -35.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Waretown in May 2024, down by 35.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Waretown, NJ
How long does it take to sell a home in Waretown, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 28 Days | -55.7% |
Summary: Homes in Waretown had an average of 28 days on market in May 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Waretown; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.