Is Manalapan, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Manalapan was a Seller's Market.
Key Takeaway
Manalapan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manalapan, FL
How much do homes in Manalapan, FL cost?
Median Sold Price
$3,675,000
$1,220/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Manalapan have sold for 70.5% less than they did a month ago.
Summary: The median home sold price in Manalapan was $3,675,000 in May 2024, down 70.5% from last month, and the median price per square foot was $1,220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $1.3M | N/A |
| 3 Bedrooms | $3.5M | - | N/A |
| 4 Bedrooms | - | $6.0M | N/A |
| 5+ Bedrooms | $13.0M | - | N/A |
Summary: Manalapan housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Manalapan, FL
How many homes are available in Manalapan, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The Manalapan real estate market had 18 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Manalapan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manalapan, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Manalapan in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Manalapan, FL
How long does it take to sell a home in Manalapan, FL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 Days | 43 Days | -37.2% |
Summary: Homes in Manalapan had an average of 43 days on market in May 2024, down by 37.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manalapan are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Manalapan; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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