Is Lacey Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lacey Township was a Seller's Market.
Housing Prices in Lacey Township, NJ
How much do homes in Lacey Township, NJ cost?
Median Sold Price
$450,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lacey Township was $450,000 in March 2024, up 12.6% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | - | N/A |
2 Bedrooms | $307K | $327K | +6.5% |
3 Bedrooms | $375K | $425K | +13.3% |
4 Bedrooms | $550K | $565K | +2.7% |
5+ Bedrooms | $565K | $687K | +21.6% |
Summary: Lacey 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 6.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
Bayville | $419.3K | $499.1K | +19.0% |
Forked River | $375.6K | $439.4K | +17.0% |
Lanoka Harbor | $460K | $520K | +13.0% |
Lacey Township | $399.7K | $450K | +12.6% |
Berkeley Township | $313.1K | $334.9K | +7.0% |
Housing Supply in Lacey Township, NJ
How many homes are available in Lacey Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
182 | 185 | +1.6% |
Summary: The Lacey Township real estate market had 185 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 64 | 61 | -4.7% |
4 Bedrooms | 63 | 62 | -1.6% |
5+ Bedrooms | 24 | 30 | +25.0% |
Summary: The Lacey Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Lacey Township in March 2024, down by 6.9% month-over-month. Of the 27 sold homes, 33% were sold under asking, 15% were sold at asking, and 52% were sold over asking.
Days on Market for Lacey Township, NJ
How long does it take to sell a home in Lacey Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 18 Days | -40.1% |
Summary: Homes in Lacey Township had an average of 18 days on market in Mar 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Lacey Township; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.