Is Brick Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brick Township has remained a Seller's Market.
Housing Prices in Brick Township, NJ
How much do homes in Brick Township, NJ cost?
Median Sold Price
$435,400
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brick Township was $435,400 in April 2024, up 10.3% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $242.5K | +21.3% |
2 Bedrooms | $297.3K | $325K | +9.3% |
3 Bedrooms | $430K | $465K | +8.1% |
4 Bedrooms | $549.9K | $600K | +9.1% |
5+ Bedrooms | $750K | $757.5K | +1.0% |
Summary: Brick Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Brick Township | $394.7K | $435.4K | +10.3% |
Brick | $389.9K | $430K | +10.3% |
Point Pleasant | $565K | $600K | +6.2% |
Brielle | $960K | $986.5K | +2.8% |
Housing Supply in Brick Township, NJ
How many homes are available in Brick Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
322 | 334 | +3.7% |
Summary: The Brick Township real estate market had 334 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 120 | 111 | -7.5% |
3 Bedrooms | 103 | 94 | -8.7% |
4 Bedrooms | 76 | 91 | +19.7% |
5+ Bedrooms | 17 | 33 | +94.1% |
Summary: The Brick Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 94.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 89 | +14.1% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in Brick Township in April 2024, up by 14.1% month-over-month. Of the 89 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Brick Township, NJ
How long does it take to sell a home in Brick Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -4.3% |
Summary: Homes in Brick Township had an average of 24 days on market in Apr 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 89 homes were sold in Brick Township; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.