Is Marlboro, 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, Marlboro was a Seller's Market.
Housing Prices in Marlboro, NJ
How much do homes in Marlboro, NJ cost?
Median Sold Price
$760,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marlboro was $760,000 in April 2024, up 2.6% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $460K | $535K | +16.3% |
3 Bedrooms | $628K | $697.9K | +11.1% |
4 Bedrooms | $780K | $775K | -0.6% |
5+ Bedrooms | $930K | $992K | +6.7% |
Summary: Marlboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Holmdel Township | $849.9K | $925K | +8.8% |
Morganville | $725K | $760K | +4.8% |
Marlboro Township | $713K | $745.8K | +4.6% |
Colts Neck | $1.1M | $1.2M | +3.4% |
Marlboro | $740.7K | $760K | +2.6% |
Housing Supply in Marlboro, NJ
How many homes are available in Marlboro, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 43 | +7.5% |
Summary: The Marlboro real estate market had 43 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Marlboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Marlboro in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Marlboro, NJ
How long does it take to sell a home in Marlboro, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 17 Days | -0.9% |
Summary: Homes in Marlboro had an average of 17 days on market in Apr 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Marlboro; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.