Ocean County NJ Real Estate Market Update

The real estate market in Ocean County NJ is moving forward at a good pace with more new listings coming on the market, and median sales prices and closed sales on the rise.

Let's look at little closer at how the first six months of 2015 compares with the same period last year in three residential real estate categories:  single family detached homes, townhomes/condos, and adult community homes.

Ocean County Single Family Detached Homes

  • New listings 10.8%
  • Closed sales + 7.4%
  • Median sales price of $270,000 is up 2.3%
  • Homes have been taking, on average, 105 days to sell, and there is currently an 11.4 months supply of inventory.

Ocean County Townhomes/Condos

  • New listings + 22.1%
  • Closed sales + 31.7%
  • Median sales price of $170,000 is up 3.5%
  • Homes have been taking, on average, 107 days to sell, and there is currently an 11.5 months supply of inventory. 

Ocean County Adult Community Homes

  • New listings + 7.7%
  • Closed sales - 2.1%
  • Median sales price of $130,000 is up 3.2%
  • Homes have been taking, on average, 80 days to sell, and there is currently a 5.3 months supply of inventory.

Depending on the location and condition of the home, some homes are selling very fast and getting multiple offers from buyers.  To find out the value of your home in today's local real estate market environment, Contact Us.  We are happy to provide you with the information and insight you need.