Is Brick Township, 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 Township has remained a Seller's Market.
Housing Prices in Brick Township, NJ
How much do homes in Brick Township, NJ cost?
Median Sold Price
$430,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brick Township was $430,000 in March 2024, up 7.6% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198K | $235K | +18.7% |
2 Bedrooms | $295.4K | $325K | +10.0% |
3 Bedrooms | $430K | $461K | +7.2% |
4 Bedrooms | $550K | $595.5K | +8.3% |
5+ Bedrooms | $742.5K | $795K | +7.1% |
Summary: Brick Township 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 10%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.1%.
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 Township, NJ
How many homes are available in Brick Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
289 | 300 | +3.8% |
Summary: The Brick Township real estate market had 300 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 100 | 109 | +9.0% |
3 Bedrooms | 91 | 92 | +1.1% |
4 Bedrooms | 75 | 72 | -4.0% |
5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The Brick Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 68 | +21.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Brick Township in March 2024, up by 21.4% month-over-month. Of the 68 sold homes, 38% were sold under asking, 15% were sold at asking, and 47% were sold over asking.
Days on Market for Brick Township, NJ
How long does it take to sell a home in Brick Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 30 Days | -20.8% |
Summary: Homes in Brick Township had an average of 30 days on market in Mar 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 68 homes were sold in Brick Township; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.