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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brick Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Brick Township, NJ

How much do homes in Brick Township, NJ cost?

Median Sold Price

$455,428

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,508(+10.8%)

Key Takeaway

Homes in Brick Township have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Brick Township was $455,428 in November 2024, up 10.8% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205.5K$265K
+28.9%
2 $310K$340K
+9.7%
3 $450K$485.9K
+8.0%
4 $591K$650K
+10.0%
5+ $686K$950K
+38.5%

Summary: Brick Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 38.5%.

Median Sold Price Compared To Nearby Cities

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

Housing Supply in Brick Township, NJ

How many homes are available in Brick Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
382334-12.6%

Summary: The Brick Township real estate market had 334 homes for sale in November 2024, a 12.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 95
-44.4%
2 128111
-13.3%
3 133116
-12.8%
4 7964
-19.0%
5+ 3338
+15.2%

Summary: The Brick Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 15.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
100104+4.0%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brick Township, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

Summary: A total of 104 homes were sold or pending in Brick Township in November 2024, up by 4.0% month-over-month. Of the 104 sold homes, 38% were sold under asking, 13% were sold at asking, and 48% 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

Nov 2023Nov 2024CHANGE
27 Days30 Days+14.3%

Summary: Homes in Brick Township had an average of 30 days on market in Nov 2024, up by 14.3% compared to last year.

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 104 homes were sold in Brick Township; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% 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 Township, NJ

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