Is Brick, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brick is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Brick has remained a Seller's Market.

Key Takeaway

Brick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brick, NJ

How much do homes in Brick, NJ cost?

Median Sold Price

$449,993

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,430(+10.4%)

Key Takeaway

Homes in Brick have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Brick was $449,993 in November 2024, up 10.4% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205.5K$257K
+25.0%
2 $310K$340K
+9.7%
3 $450K$485K
+7.8%
4 $585K$639.5K
+9.3%
5+ $642.5K$857K
+33.4%

Summary: Brick housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 33.4%.

Median Sold Price Compared To Nearby Cities

Brielle
+16.6%
Point Pleasant
+15.5%
Brick Township
+10.8%
Brick
+10.4%
Mantoloking
+10.4%

Housing Supply in Brick, NJ

How many homes are available in Brick, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
358312-12.8%

Summary: The Brick real estate market had 312 homes for sale in November 2024, a 12.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 85
-37.5%
2 127110
-13.4%
3 122104
-14.8%
4 7664
-15.8%
5+ 2529
+16.0%

Summary: The Brick housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9598+3.2%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

48 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brick, you could pay more than the asking price. 49% of homes here sold above asking price last month.

Summary: A total of 98 homes were sold or pending in Brick in November 2024, up by 3.2% month-over-month. Of the 98 sold homes, 39% were sold under asking, 12% were sold at asking, and 49% 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

Nov 2023Nov 2024CHANGE
24 Days27 Days+11.4%

Summary: Homes in Brick had an average of 27 days on market in Nov 2024, up by 11.4% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brick are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 98 homes were sold in Brick; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 12 Days Ago

Newest Listings in Brick, NJ

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