Is Wall Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wall Township has remained a Seller's Market.
Housing Prices in Wall Township, NJ
How much do homes in Wall Township, NJ cost?
Median Sold Price
$782,168
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wall Township was $782,168 in May 2024, up 11% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.5K | $314K | -7.0% |
2 Bedrooms | $481.5K | $605K | +25.6% |
3 Bedrooms | $640K | $757.5K | +18.4% |
4 Bedrooms | $900K | $960K | +6.7% |
5+ Bedrooms | $1.1M | $1.2M | +12.4% |
Summary: Wall Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
Belmar | $640K | $783.2K | +22.4% |
Neptune Township | $455.9K | $525K | +15.2% |
Neptune | $430K | $485K | +12.8% |
Wall Township | $704.5K | $782.1K | +11.0% |
Lake Como | $625K | $679.9K | +8.8% |
Housing Supply in Wall Township, NJ
How many homes are available in Wall Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 89 | -5.3% |
Summary: The Wall Township real estate market had 89 homes for sale in May 2024, a 5.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 18 | 14 | -22.2% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The Wall Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 23 | -11.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Wall Township in May 2024, down by 11.5% month-over-month. Of the 23 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for Wall Township, NJ
How long does it take to sell a home in Wall Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 13 Days | -31.2% |
Summary: Homes in Wall Township had an average of 13 days on market in May 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Wall Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.