Is Estell Manor, 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, Estell Manor was a Buyer's Market.
Key Takeaway
Estell Manor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Estell Manor, NJ
How much do homes in Estell Manor, NJ cost?
Median Sold Price
$415,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Estell Manor have sold for 26.5% more than they did a year ago.
Summary: The median home sold price in Estell Manor was $415,000 in April 2024, up 26.5% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $230K | $186.2K | -19.0% |
| 3 Bedrooms | $324K | $527.5K | +62.8% |
| 4 Bedrooms | $355K | $430K | +21.1% |
| 5+ Bedrooms | - | $1.6M | N/A |
Summary: Estell Manor 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 decreased by 19%, 3 bedroom homes increased by 62.8%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Estell Manor | $328K | $415K | +26.5% |
| Upper Township | $409.9K | $422.5K | +3.1% |
| Weymouth Township | $335K | $288.5K | -13.9% |
Housing Supply in Estell Manor, NJ
How many homes are available in Estell Manor, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Estell Manor real estate market had 6 homes for sale in April 2024, a 14.3% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Estell Manor 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 decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estell Manor, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Estell Manor in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Estell Manor, NJ
How long does it take to sell a home in Estell Manor, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 87 Days | 56 Days | -35.6% |
Summary: Homes in Estell Manor had an average of 56 days on market in Apr 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Estell Manor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Estell Manor; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.