Is Howell, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Howell is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Howell has remained a Seller's Market.

Key Takeaway

Howell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Howell, NJ

How much do homes in Howell, NJ cost?

Median Sold Price

$575,500

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,500(+6.2%)

Key Takeaway

Homes in Howell have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Howell was $575,500 in February 2024, up 6.2% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $245.1K$60K
-75.5%
2 $284.5K$320K
+12.5%
3 $490K$525.5K
+7.2%
4 $600K$649.9K
+8.3%
5+ $642.5K$680K
+5.8%

Summary: Howell housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.5%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Howell Township
+7.0%
Howell
+6.2%
Jackson Township
-0.2%
Lakewood
-6.3%
Lakewood Township
-8.8%

Housing Supply in Howell, NJ

How many homes are available in Howell, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
148120-18.9%

Summary: The Howell real estate market had 120 homes for sale in February 2024, a 18.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1714
-17.6%
3 4746
-2.1%
4 6443
-32.8%
5+ 1815
-16.7%

Summary: The Howell housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 32.8%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4725-46.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Howell, you could pay more than the asking price. 56% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Howell in February 2024, down by 46.8% month-over-month. Of the 25 sold homes, 32% were sold under asking, 12% were sold at asking, and 56% were sold over asking.

Days on Market for Howell, NJ

How long does it take to sell a home in Howell, NJ?

Average Sale Time

Feb 2023Feb 2024CHANGE
45 Days46 Days+2.7%

Summary: Homes in Howell had an average of 46 days on market in Feb 2024, up by 2.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Howell are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 25 homes were sold in Howell; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Howell, NJ

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