Is Manalapan, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manalapan is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Manalapan has remained a Buyer's Market.

Key Takeaway

Manalapan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Manalapan, FL

How much do homes in Manalapan, FL cost?

Median Sold Price

$2,295,000

$1,186/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$1,380,000(-37.6%)

Key Takeaway

Homes in Manalapan have sold for 37.6% less than they did a month ago.

Summary: The median home sold price in Manalapan was $2,295,000 in June 2024, down 37.6% from last month, and the median price per square foot was $1,186.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 $1.3M-
N/A
3 -$2.2M
N/A
4 $6.0M-
N/A
5+ --
N/A

Summary: Manalapan housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Manalapan, FL

How many homes are available in Manalapan, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1613-18.8%

Summary: The Manalapan real estate market had 13 homes for sale in June 2024, a 18.8% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 22
0.0%
4 32
-33.3%
5+ 98
-11.1%

Summary: The Manalapan housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manalapan, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Manalapan in June 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Manalapan, FL

How long does it take to sell a home in Manalapan, FL?

Average Sale Time

May 2024Jun 2024CHANGE
43 Days35 Days-18.6%

Summary: Homes in Manalapan had an average of 35 days on market in Jun 2024, down by 18.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Manalapan has remained consistent over time.

Summary: During June 2024, 1 homes were sold in Manalapan; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Manalapan, FL

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