Is Long Branch, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Long Branch was a Neutral Market.
Housing Prices in Long Branch, NJ
How much do homes in Long Branch, NJ cost?
Median Sold Price
$749,000
$448/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Long Branch was $749,000 in April 2024, down 0.1% from last year, and the median price per square foot was $448.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $375K | -37.5% |
2 Bedrooms | $734.5K | $735K | 0.1% |
3 Bedrooms | $695K | $695K | 0.0% |
4 Bedrooms | $850K | $1.0M | +21.8% |
5+ Bedrooms | $1.3M | $1.5M | +14.2% |
Summary: Long Branch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 0.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
Monmouth Beach | $786.5K | $864.9K | +10.0% |
Long Branch | $750K | $749K | -0.1% |
Oceanport | $780K | $750K | -3.8% |
West Long Branch | $817.5K | $737.5K | -9.8% |
Housing Supply in Long Branch, NJ
How many homes are available in Long Branch, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
194 | 212 | +9.3% |
Summary: The Long Branch real estate market had 212 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 29 | -3.3% |
2 Bedrooms | 47 | 59 | +25.5% |
3 Bedrooms | 39 | 49 | +25.6% |
4 Bedrooms | 38 | 36 | -5.3% |
5+ Bedrooms | 40 | 39 | -2.5% |
Summary: The Long Branch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 25.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Long Branch in April 2024, up by 57.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 36% were sold at asking, and 5% were sold over asking.
Days on Market for Long Branch, NJ
How long does it take to sell a home in Long Branch, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 47 Days | -6.8% |
Summary: Homes in Long Branch had an average of 47 days on market in Apr 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Long Branch; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.