Is Freehold, 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, Freehold has remained a Seller's Market.
Housing Prices in Freehold, NJ
How much do homes in Freehold, NJ cost?
Median Sold Price
$494,120
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Freehold was $494,120 in March 2024, up 14.9% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $219.5K | -2.4% |
2 Bedrooms | $334.5K | $365K | +9.1% |
3 Bedrooms | $430K | $485K | +12.8% |
4 Bedrooms | $686.5K | $715K | +4.2% |
5+ Bedrooms | $850K | $930K | +9.4% |
Summary: Freehold housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Freehold Township | $430K | $496.6K | +15.5% |
Freehold | $430K | $494.1K | +14.9% |
Housing Supply in Freehold, NJ
How many homes are available in Freehold, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
153 | 153 | 0.0% |
Summary: The Freehold real estate market had 153 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 52 | 62 | +19.2% |
3 Bedrooms | 32 | 27 | -15.6% |
4 Bedrooms | 38 | 34 | -10.5% |
5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Freehold housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 19.2%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 32 | -5.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Freehold in March 2024, down by 5.9% month-over-month. Of the 32 sold homes, 19% were sold under asking, 9% were sold at asking, and 72% were sold over asking.
Days on Market for Freehold, NJ
How long does it take to sell a home in Freehold, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 17 Days | -36.4% |
Summary: Homes in Freehold had an average of 17 days on market in Mar 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Freehold; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.