Is Manalapan, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Manalapan has remained a Buyer's Market.
Housing Prices in Manalapan, FL
How much do homes in Manalapan, FL cost?
Median Sold Price
$3,350,000
$1,150/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Manalapan was $3,350,000 in March 2024, down 6% from last month, and the median price per square foot was $1,150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $2.2M | $1.5M | -32.7% |
3 Bedrooms | $4.8M | $3.3M | -30.9% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | $27.5M | N/A |
Summary: Manalapan housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.7%, 3 bedroom homes decreased by 30.9%, 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Manalapan real estate market had 23 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Manalapan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Manalapan in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
186 Days | 46 Days | -75.3% |
Summary: Homes in Manalapan had an average of 46 days on market in Mar 2024, down by 75.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Manalapan; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.