Is Freehold 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, Freehold Township has remained a Seller's Market.
Housing Prices in Freehold Township, NJ
How much do homes in Freehold Township, NJ cost?
Median Sold Price
$491,559
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Freehold Township was $491,559 in April 2024, up 14.1% 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 | $217.5K | $221K | +1.6% |
2 Bedrooms | $335.5K | $369K | +10.0% |
3 Bedrooms | $435K | $480K | +10.3% |
4 Bedrooms | $702.7K | $726.5K | +3.4% |
5+ Bedrooms | $830K | $945.3K | +13.9% |
Summary: Freehold Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
Freehold Township | $430.8K | $491.5K | +14.1% |
Freehold | $430.4K | $489.1K | +13.7% |
Marlboro Township | $713K | $745.8K | +4.6% |
Manalapan Township | $643.4K | $666.1K | +3.5% |
Marlboro | $740.7K | $760K | +2.6% |
Housing Supply in Freehold Township, NJ
How many homes are available in Freehold Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
175 | 194 | +10.9% |
Summary: The Freehold Township real estate market had 194 homes for sale in April 2024, a 10.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 11 | -15.4% |
2 Bedrooms | 64 | 80 | +25.0% |
3 Bedrooms | 34 | 39 | +14.7% |
4 Bedrooms | 41 | 43 | +4.9% |
5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Freehold Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 54 | +54.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Freehold Township in April 2024, up by 54.3% month-over-month. Of the 54 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for Freehold Township, NJ
How long does it take to sell a home in Freehold Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 35 Days | +42.8% |
Summary: Homes in Freehold Township had an average of 35 days on market in Apr 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Freehold Township; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.