Is Colts Neck, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Colts Neck was a Buyer's Market.
Housing Prices in Colts Neck, NJ
How much do homes in Colts Neck, NJ cost?
Median Sold Price
$1,227,500
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Colts Neck was $1,227,500 in April 2024, up 3.4% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $840K | N/A |
3 Bedrooms | $817.4K | $810K | -0.9% |
4 Bedrooms | $970K | $1.1M | +13.4% |
5+ Bedrooms | $1.6M | $1.7M | +7.7% |
Summary: Colts Neck housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Tinton Falls | $430K | $485K | +12.8% |
Holmdel Township | $849.9K | $925K | +8.8% |
Colts Neck | $1.1M | $1.2M | +3.4% |
Colts Neck Township | $1.2M | $1.2M | +2.3% |
Lincroft | $810K | $825K | +1.9% |
Housing Supply in Colts Neck, NJ
How many homes are available in Colts Neck, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 57 | +23.9% |
Summary: The Colts Neck real estate market had 57 homes for sale in April 2024, a 23.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 17 | 26 | +52.9% |
Summary: The Colts Neck housing inventory by bedroom type for April 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 52.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Colts Neck in April 2024, up by 140.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Colts Neck, NJ
How long does it take to sell a home in Colts Neck, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 42 Days | -47.6% |
Summary: Homes in Colts Neck had an average of 42 days on market in Apr 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Colts Neck; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.