Is Mansfield 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, Mansfield Township has remained a Seller's Market.
Key Takeaway
Mansfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mansfield Township, NJ
How much do homes in Mansfield Township, NJ cost?
Median Sold Price
$390,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mansfield Township have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Mansfield Township was $390,000 in May 2024, up 14.7% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $41K | N/A |
| 2 Bedrooms | $222.5K | $276.2K | +24.2% |
| 3 Bedrooms | $335K | $387.2K | +15.6% |
| 4 Bedrooms | $462.4K | $570K | +23.3% |
| 5+ Bedrooms | $575K | $469.9K | -18.3% |
Summary: Mansfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Mansfield Township | $339.9K | $390K | +14.7% |
| Independence Township | $320K | $361K | +12.8% |
| Lebanon Township | $565K | $617.5K | +9.3% |
| Port Murray | $434K | $390K | -10.1% |
| Oxford | $332.5K | $270K | -18.8% |
Housing Supply in Mansfield Township, NJ
How many homes are available in Mansfield Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Summary: The Mansfield Township real estate market had 37 homes for sale in May 2024, a 37.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Mansfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mansfield Township in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Mansfield Township, NJ
We’re sorry, we don't have information for this market at the moment
