“How’s the real estate market in Toms River”, you ask?
Well, that depends; are you buying, selling or “just looking”?
Whichever answer you have, let’s take a look at the numbers first…
The Median Price of a Home in Toms River
As we can see, the “median” sales price for a single family home in Toms River has risen from around $225,000, at the beginning of the year, to just under $237,000 now, at mid-year. That means today; half of the homes sold in Toms River sold for OVER $237,00 and half sold for UNDER $237,000.
Now, Altos Research does not separate Adult Community homes from Single Family homes in Toms River, so I decided to check it against our local MLS (Multiple Listing Service)…
A Mid-Year Report
Toms River Real Estate by the Numbers
As we can see, according to the Monmouth/Ocean MLS, the median sales price of a home in Toms River has increased from $225,000 to $265,000 and the average sales price has risen from $245,886 up to $306,068. Now, to keep things in perspective; the average sales price at this time last year was $352,490 or 13% higher.
Some other numbers we should be aware of in Toms River:
- 423 number of homes sold (MLS) year-to-date
- 410 number of homes sold (MLS) same time last year
- +3% increase in sales year-to-date
- 9.46 months supply of homes currently for sale
Even though the number of home sales may be increasing in Toms River, we still have over 9 months supply of homes for sale and remain in a “Buyers Market”. For a more accurate “Toms River Market Report” in your specific price range, please complete the form below!
