Is Howell 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, Howell Township has remained a Seller's Market.
Housing Prices in Howell Township, NJ
How much do homes in Howell Township, NJ cost?
Median Sold Price
$585,166
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Howell Township was $585,166 in May 2024, up 6.4% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215.2K | $257.7K | +19.8% |
2 Bedrooms | $330K | $352.5K | +6.8% |
3 Bedrooms | $500K | $549K | +9.8% |
4 Bedrooms | $626.3K | $676.3K | +8.0% |
5+ Bedrooms | $725K | $749K | +3.3% |
Summary: Howell Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Howell | $550K | $586.1K | +6.6% |
Howell Township | $549.9K | $585.1K | +6.4% |
Lakewood | $350.2K | $325.2K | -7.1% |
Lakewood Township | $346.6K | $315.3K | -9.0% |
Farmingdale | $879K | $755K | -14.1% |
Housing Supply in Howell Township, NJ
How many homes are available in Howell Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
243 | 233 | -4.1% |
Summary: The Howell Township real estate market had 233 homes for sale in May 2024, a 4.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 57 | 59 | +3.5% |
3 Bedrooms | 84 | 65 | -22.6% |
4 Bedrooms | 73 | 83 | +13.7% |
5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The Howell Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 48 | -31.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Howell Township in May 2024, down by 31.4% month-over-month. Of the 48 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.
Days on Market for Howell Township, NJ
How long does it take to sell a home in Howell Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 22 Days | -10.9% |
Summary: Homes in Howell Township had an average of 22 days on market in May 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in Howell Township; 77% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.