Is Howell, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Howell has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245.1K | $60K | -75.5% |
2 Bedrooms | $284.5K | $320K | +12.5% |
3 Bedrooms | $490K | $525.5K | +7.2% |
4 Bedrooms | $600K | $649.9K | +8.3% |
5+ Bedrooms | $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 | $537.5K | $575K | +7.0% |
Howell | $542K | $575.5K | +6.2% |
Jackson Township | $540K | $539K | -0.2% |
Lakewood | $350.2K | $328K | -6.3% |
Lakewood Township | $346.6K | $316K | -8.8% |
Housing Supply in Howell, NJ
How many homes are available in Howell, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
148 | 120 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 14 | -17.6% |
3 Bedrooms | 47 | 46 | -2.1% |
4 Bedrooms | 64 | 43 | -32.8% |
5+ Bedrooms | 18 | 15 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 25 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 46 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
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.