Barnegat Median Sold Prices Increase by Over 11%
With home buyers finding Ocean County a viable alternative to living in more urban areas, Barnegat offer's what people are looking for as either a primary residence or secondary/vacation home, not to mention the myriad of retirement communities.
With the continuing trend of working from home, the desire for more space, both interior and exterior, we can expect a strong housing market for 2021.
For the start of 2021, median list price and median sale price is up. The total number of homes sold over the last year is up while pending homes sold (yet to close) has increased in comparison to 2019. Reminder: over 600 Barnegat homes have sold in the last 12 months.
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Barnegat Real Estate Market Activity: Year to Date in Comparison to Last Year: (Note – “year to date” is a direct comparison between 2019 to 2020)
- Median List Price: Up 7.18%
- Median Sale Price: Up 11.54%
- Median Days on Market: 23 (# of days on market before property sells)
- Sold Listings: 634, Up 6.9%
- Pending Sold Listings (this month): Up 29.3%
- Active Listings (this month): Down 59.3%
- New Listings (this month): Up 17.6%
Barnegat Housing Market Summary: The Market Activity Report is a snapshot of all the changes in a local real estate market over the last 24 months
- Estimated Home Values: Up 4.27%
- Sales Price: Up 21.25%
- List Price: Up 26.33%
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Bottom Line: The seller’s market in Barnegat will continue. If you’re thinking about selling, now may be the time to talk to me.
Note: The increase in list and sales price doesn’t necessarily mean your home’s value has grown by that percentage, it can also mean that there are more expensive homes on the market and a reduction in more affordable homes for sale or being sold.
Karl Hess provides expert real estate services to residential buyers and sellers in Barnegat and the surrounding communities. Contact us today for more information on Barnegat Real Estate and for professional assistance navigating this complex home market.
As always, thank you for your time and feel free to get in touch if you have any questions. Karl Hess, Your Realtor on The Jersey Shore in Ocean County
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