Is Fair Haven, 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, Fair Haven was a Seller's Market.
Key Takeaway
Fair Haven is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fair Haven, NJ
How much do homes in Fair Haven, NJ cost?
Median Sold Price
$1,310,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fair Haven have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Fair Haven was $1,310,000 in April 2024, up 13.9% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $630K | - | N/A |
| 2 Bedrooms | $675K | $750.8K | +11.2% |
| 3 Bedrooms | $820K | $1.0M | +22.3% |
| 4 Bedrooms | $1.4M | $1.3M | -6.0% |
| 5+ Bedrooms | $1.9M | $1.9M | -0.8% |
Summary: Fair Haven 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 increased by 11.2%, 3 bedroom homes increased by 22.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Rumson | $1.7M | $2.1M | +24.6% |
| Fair Haven | $1.1M | $1.3M | +13.9% |
| Red Bank | $496.2K | $540K | +8.8% |
| Middletown Township | $562K | $585K | +4.1% |
Housing Supply in Fair Haven, NJ
How many homes are available in Fair Haven, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Summary: The Fair Haven real estate market had 24 homes for sale in April 2024, a 41.2% 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 | 0 | -100.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Fair Haven 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fair Haven, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fair Haven in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Fair Haven, NJ
How long does it take to sell a home in Fair Haven, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 12 Days | -52.0% |
Summary: Homes in Fair Haven had an average of 12 days on market in Apr 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fair Haven are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Fair Haven; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.