Is Long Hill Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Long Hill Township was a Seller's Market.
Key Takeaway
Long Hill Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Long Hill Township, NJ
How much do homes in Long Hill Township, NJ cost?
Median Sold Price
$685,490
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Long Hill Township have sold for 9.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.7K | - | N/A |
| 2 Bedrooms | $357.4K | $470K | +31.5% |
| 3 Bedrooms | $565K | $595.2K | +5.4% |
| 4 Bedrooms | $755K | $830K | +9.9% |
| 5+ Bedrooms | $738K | $999K | +35.4% |
Summary: Long Hill Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Cities
| Gillette | $555K | $630.5K | +13.6% |
| Warren | $950K | $1.0M | +13.2% |
| Long Hill Township | $623.5K | $685.4K | +9.9% |
| Millington | $666K | $725K | +8.9% |
Housing Supply in Long Hill Township, NJ
How many homes are available in Long Hill Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Summary: The Long Hill Township real estate market had 22 homes for sale in April 2024, a 46.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Long Hill Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Hill Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Long Hill Township in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Long Hill Township, NJ
We’re sorry, we don't have information for this market at the moment
