Is Carteret, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Carteret was a Neutral Market.
Housing Prices in Carteret, NJ
How much do homes in Carteret, NJ cost?
Median Sold Price
$450,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Carteret was $450,000 in March 2024, up 5.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $357.5K | $343K | -4.1% |
3 Bedrooms | $389K | $440K | +13.1% |
4 Bedrooms | $459K | $526K | +14.6% |
5+ Bedrooms | $470K | $557.5K | +18.6% |
Summary: Carteret housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Linden | $436.3K | $490K | +12.3% |
Port Reading | $445.1K | $495K | +11.2% |
Woodbridge Township | $425K | $467K | +9.9% |
Avenel | $403.5K | $440K | +9.0% |
Carteret | $425K | $450K | +5.9% |
Housing Supply in Carteret, NJ
How many homes are available in Carteret, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 58 | +5.5% |
Summary: The Carteret real estate market had 58 homes for sale in March 2024, a 5.5% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Carteret 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 15 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Carteret in March 2024, up by 200.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Carteret, NJ
How long does it take to sell a home in Carteret, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 40 Days | -22.5% |
Summary: Homes in Carteret had an average of 40 days on market in Mar 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Carteret; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.