Is Long Branch, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Long Branch was a Seller's Market.
Housing Prices in Long Branch, NJ
How much do homes in Long Branch, NJ cost?
Median Sold Price
$745,000
$431/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since February 2023.
Summary: The median home sold price in Long Branch was $745,000 in February 2024, the same as last year, and the median price per square foot was $431.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $402.5K | $375K | -6.8% |
2 Bedrooms | $740K | $659.5K | -10.9% |
3 Bedrooms | $687.5K | $706.2K | +2.7% |
4 Bedrooms | $870.6K | $997.4K | +14.6% |
5+ Bedrooms | $1.1M | $1.3M | +17.2% |
Summary: Long Branch housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
Oceanport | $718.7K | $779.9K | +8.5% |
Long Branch | $745K | $745K | 0.0% |
West Long Branch | $810K | $780K | -3.7% |
Housing Supply in Long Branch, NJ
How many homes are available in Long Branch, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
149 | 192 | +28.9% |
Summary: The Long Branch real estate market had 192 homes for sale in February 2024, a 28.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 26 | +36.8% |
2 Bedrooms | 36 | 49 | +36.1% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 31 | 41 | +32.3% |
5+ Bedrooms | 32 | 40 | +25.0% |
Summary: The Long Branch housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 36.1%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 17 | +112.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Long Branch in February 2024, up by 112.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Long Branch, NJ
How long does it take to sell a home in Long Branch, NJ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 67 Days | +98.6% |
Summary: Homes in Long Branch had an average of 67 days on market in Feb 2024, up by 98.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 17 homes were sold in Long Branch; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.