Is Brick, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Brick has remained a Seller's Market.
Housing Prices in Brick, NJ
How much do homes in Brick, NJ cost?
Median Sold Price
$428,416
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brick was $428,416 in March 2024, up 8.6% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198K | $235K | +18.7% |
2 Bedrooms | $292K | $325K | +11.3% |
3 Bedrooms | $430K | $460K | +7.0% |
4 Bedrooms | $547.4K | $585K | +6.9% |
5+ Bedrooms | $650K | $677K | +4.2% |
Summary: Brick housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Brick | $394.6K | $428.4K | +8.6% |
Brick Township | $399.5K | $430K | +7.6% |
Point Pleasant | $575K | $600K | +4.3% |
Brielle | $960K | $973.2K | +1.4% |
Housing Supply in Brick, NJ
How many homes are available in Brick, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
273 | 283 | +3.7% |
Summary: The Brick real estate market had 283 homes for sale in March 2024, a 3.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 100 | 109 | +9.0% |
3 Bedrooms | 85 | 87 | +2.4% |
4 Bedrooms | 71 | 68 | -4.2% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Brick housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 66 | +22.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Brick in March 2024, up by 22.2% month-over-month. Of the 66 sold homes, 36% were sold under asking, 15% were sold at asking, and 48% were sold over asking.
Days on Market for Brick, NJ
How long does it take to sell a home in Brick, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 29 Days | -21.8% |
Summary: Homes in Brick had an average of 29 days on market in Mar 2024, down by 21.8% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in Brick; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.