Is Colts Neck 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, Colts Neck Township has remained a Buyer's Market.
Housing Prices in Colts Neck Township, NJ
How much do homes in Colts Neck Township, NJ cost?
Median Sold Price
$1,230,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Colts Neck Township was $1,230,000 in March 2024, up 3.6% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $490K | $805K | +64.3% |
3 Bedrooms | $794.4K | $820K | +3.2% |
4 Bedrooms | $999.4K | $1.0M | +6.1% |
5+ Bedrooms | $1.6M | $1.7M | +7.5% |
Summary: Colts Neck Township 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 increased by 64.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
Holmdel Township | $830K | $952.5K | +14.8% |
Tinton Falls | $431K | $475K | +10.2% |
Colts Neck | $1.1M | $1.2M | +4.7% |
Colts Neck Township | $1.1M | $1.2M | +3.6% |
Lincroft | $811.5K | $812.5K | 0.1% |
Housing Supply in Colts Neck Township, NJ
How many homes are available in Colts Neck Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Summary: The Colts Neck Township real estate market had 39 homes for sale in March 2024, a 21.9% 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 | 0 | -100.0% |
3 Bedrooms | 4 | 9 | +125.0% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Colts Neck Township 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 decreased by 100%, 3 bedroom homes increased by 125%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Colts Neck Township in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Colts Neck Township, NJ
How long does it take to sell a home in Colts Neck Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 54 Days | -33.9% |
Summary: Homes in Colts Neck Township had an average of 54 days on market in Mar 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Colts Neck Township; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.