Is West 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
Since last year, West Long Branch has remained a Seller's Market.
Housing Prices in West Long Branch, NJ
How much do homes in West Long Branch, NJ cost?
Median Sold Price
$737,500
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Long Branch was $737,500 in April 2024, down 9.8% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $455K | $560K | +23.1% |
3 Bedrooms | $762.5K | $665K | -12.8% |
4 Bedrooms | $842.5K | $912K | +8.2% |
5+ Bedrooms | $1.6M | $1.2M | -22.5% |
Summary: West Long Branch 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 23.1%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Cities
Eatontown | $465K | $480.7K | +3.4% |
Long Branch | $750K | $749K | -0.1% |
Ocean Township | $703.3K | $692.6K | -1.5% |
Oceanport | $780K | $750K | -3.8% |
West Long Branch | $817.5K | $737.5K | -9.8% |
Housing Supply in West Long Branch, NJ
How many homes are available in West Long Branch, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Summary: The West Long Branch real estate market had 28 homes for sale in April 2024, a 3.4% decrease 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 | 5 | 5 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The West Long Branch 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 7 | +600.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in West Long Branch in April 2024, up by 600.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for West Long Branch, NJ
How long does it take to sell a home in West Long Branch, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 31 Days | -31.0% |
Summary: Homes in West Long Branch had an average of 31 days on market in Apr 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in West Long Branch; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.