Is Howell Township, 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, Howell Township has remained a Seller's Market.
Key Takeaway
Howell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Howell Township, NJ
How much do homes in Howell Township, NJ cost?
Median Sold Price
$577,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Howell Township have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Howell Township was $577,000 in March 2024, up 6.6% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220.1K | $220K | 0% |
| 2 Bedrooms | $330K | $350K | +6.1% |
| 3 Bedrooms | $492K | $530K | +7.7% |
| 4 Bedrooms | $616K | $675K | +9.6% |
| 5+ Bedrooms | $727.5K | $745K | +2.4% |
Summary: Howell Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Howell Township | $541.3K | $577K | +6.6% |
| Howell | $550K | $575K | +4.5% |
| Lakewood | $348.9K | $325.8K | -6.6% |
| Lakewood Township | $343.9K | $315.2K | -8.3% |
| Farmingdale | $867K | $755K | -12.9% |
Housing Supply in Howell Township, NJ
How many homes are available in Howell Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 185 | 198 | +7.0% |
Summary: The Howell Township real estate market had 198 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 39 | 47 | +20.5% |
| 3 Bedrooms | 62 | 61 | -1.6% |
| 4 Bedrooms | 57 | 61 | +7.0% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Howell Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 20.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 44 | +22.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Howell Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Howell Township in March 2024, up by 22.2% month-over-month. Of the 44 sold homes, 41% were sold under asking, 9% were sold at asking, and 50% were sold over asking.
Days on Market for Howell Township, NJ
How long does it take to sell a home in Howell Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 59 Days | +51.4% |
Summary: Homes in Howell Township had an average of 59 days on market in Mar 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howell Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 44 homes were sold in Howell Township; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% 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.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
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.