The median home in Ocean County listed for $544,225 in January, up 4.2% from the previous month's $522,450, an analysis of data from Realtor.com shows.
Compared with January 2023, the median home list price increased 11.3% from $484,950.
The statistics in this article only pertain to houses listed for sale in Ocean County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.app.com.
Ocean County's median home was 1,755 square feet, listed at $293 per square foot. The price per square foot of homes for sale is up 8.5% from January 2023.
Top of the market: See the 10 most expensive homes sold in Monmouth, Ocean counties in the past year
Listings in Ocean County moved briskly, at a median 60 days listed compared with the January national median of 69 days on the market. In the previous month, homes had a median of 58 days on the market. Around 778 homes were newly listed on the market in January, a 20% decrease from 972 new listings in January 2023.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Living in the boss's guest house? Jersey Shore workers struggle to find middle-class homes
Across the New York-Newark-Jersey City metro area, median home prices rose to $741,500, slightly higher than a month earlier. The median home had 1,509 square feet, at a list price of $533 per square foot.
In New Jersey, median home prices were $524,950, a slight decrease from December. The median New Jersey home listed for sale had 1,671 square feet, with a price of $287 per square foot.
Throughout the United States, the median home price was $409,500, a slight decrease from the month prior. The median American home for sale was listed at 1,823 square feet, with a price of $221 per square foot.
What's happening in Monmouth County? Median home prices there start the new year by rising over the $800K mark
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on Asbury Park Press: Ocean County median homes prices in January 2024 rose