Is Island Heights, NJ 08732 a buyer’s or seller’s market?
Island Heights is a seller’s market. With about 1.8 months of supply and 56% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Island Heights housing market right now
In the three months ending August 31, 2026, 56% of homes in Island Heights, NJ 08732 sold above their list price, the typical home went under contract in 14 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (20 days then) and the median sale price fell 13% to $699,697. Overall, Island Heights is more competitive than a year ago, so tougher for buyers.
Within Ocean County, homes here sell faster than in 96% of the county’s ZIP codes, and sell more often over asking than in 89%.
Nearby, buyers who want less competition could look at Barnegat Light 08006 (0% sold over asking) or Mantoloking 08738 (8% sold over asking), while Lakehurst 08733 (67% sold over asking) and Pine Beach 08741 (64% sold over asking) are even more competitive.
Run the numbers for 08732
Nearby markets
Barnegat 08005Seller’s market $267 /sq ftBarnegat Light 08006Balanced $1,049 /sq ftBayville 08721Seller’s market $329 /sq ftBeach Haven 08008Balanced $1,112 /sq ft Browse all markets →Towns like Island Heights nearby
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Questions about Island Heights real estate
Is Island Heights a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Island Heights, NJ 08732 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Island Heights?
The typical home went under contract in 14 days in the latest three months.
Do homes in Island Heights sell over asking?
56% of homes sold above their original list price, and the typical sale closed at 103.9% of the list price.
What are property taxes in Island Heights?
About 1.47% of a home’s value a year in Island Heights Boro, Ocean County, or roughly $5,876 on a $400,000 home.
What is the median home price in Island Heights?
The median sale price was $699,697 in the three months ending August 31, 2026, about $390 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology