| No. Bedrooms | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | - | - | - | - | - |
| 3 bedrooms | - | - | - | - | - |
| 4 bedrooms | - | - | - | - | - | All properties | $205,000 | -19.2% | $239,000 | $253,750 | $243,960 |
Somers Point Market Trends
Today, December 23, 2009
Somers Point Summary
The median sales price for homes in Somers Point NJ for Sep 09 to Nov 09 was $205,000. This represents a decline of 14.2%, or $34,000, compared to the prior quarter and a decrease of 19.2% compared to the prior year. Sales prices have depreciated 16% over the last 5 years in Somers Point.
The average listing price for Somers Point homes for sale on Trulia was $401,533 for the week ending Dec 16, which represents an increase of 0.8%, or $2,996, compared to the prior week and a decline of 0.8%, or $3,234, compared to the week ending Nov 25. Average price per square foot for Somers Point NJ was $181, a decrease of 10.4% compared to the same period last year.
| No. Bedrooms | Week ending Dec 16 | w-o-w | Week ending Dec 9 | Week ending Dec 2 | Week ending Nov 25 |
|---|---|---|---|---|---|
| 1 bedroom | $175,260 | 0.0% | $175,260 | $175,260 | $175,067 |
| 2 bedrooms | $338,228 | +1.5% | $333,247 | $331,642 | $328,783 |
| 3 bedrooms | $403,267 | +1.4% | $397,599 | $423,577 | $418,618 |
| 4 bedrooms | $615,975 | +1.3% | $608,056 | $615,629 | $612,599 | All properties | $401,533 | +0.8% | $398,537 | $406,978 | $404,767 |
| No. Bedrooms | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | - | - | - | - | - |
| 3 bedrooms | - | - | - | - | - |
| 4 bedrooms | - | - | - | - | - | All properties | $181 | -10.4% | $208 | $202 | $170 |
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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