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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Howell Township is a seller's market

Buyer's
Market

Difference Since November 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

$610,950

$321/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,365(+7.8%)

Key Takeaway

Homes in Howell Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Howell Township was $610,950 in November 2024, up 7.8% from last year, and the median price per square foot was $321.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $216K$255K
+18.1%
2 $345K$367K
+6.4%
3 $527.4K$570K
+8.1%
4 $669.6K$690K
+3.0%
5+ $690K$897.6K
+30.1%

Summary: Howell Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 30.1%.

Median Sold Price Compared To Nearby Cities

Lakewood Township
+12.1%
Lakewood
+11.3%
Howell
+8.9%
Howell Township
+7.8%
Farmingdale
-7.0%

Housing Supply in Howell Township, NJ

How many homes are available in Howell Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
309243-21.4%

Summary: The Howell Township real estate market had 243 homes for sale in November 2024, a 21.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 5044
-12.0%
3 9675
-21.9%
4 12185
-29.8%
5+ 3936
-7.7%

Summary: The Howell Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7260-16.7%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Howell Township, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in Howell Township in November 2024, down by 16.7% month-over-month. Of the 60 sold homes, 43% were sold under asking, 15% were sold at asking, and 42% 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

Nov 2023Nov 2024CHANGE
35 Days27 Days-22.6%

Summary: Homes in Howell Township had an average of 27 days on market in Nov 2024, down by 22.6% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

17 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 60 homes were sold in Howell Township; 65% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 5% 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 2 Days Ago

Newest Listings in Howell Township, NJ

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