Is Manchester 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, Manchester Township has remained a Seller's Market.
Housing Prices in Manchester Township, NJ
How much do homes in Manchester Township, NJ cost?
Median Sold Price
$245,479
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Manchester Township was $245,479 in March 2024, up 2.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $77K | +10.0% |
2 Bedrooms | $205.1K | $234.2K | +14.2% |
3 Bedrooms | $450K | $475K | +5.6% |
4 Bedrooms | $600K | $635K | +5.8% |
5+ Bedrooms | $675K | $780K | +15.6% |
Summary: Manchester Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
Lakehurst | $280K | $319.9K | +14.3% |
Manchester Township | $239.5K | $245.4K | +2.5% |
Toms River | $358.5K | $365K | +1.8% |
Toms River Township | $369.9K | $375.4K | +1.5% |
Jackson | $540K | $540.2K | 0.0% |
Housing Supply in Manchester Township, NJ
How many homes are available in Manchester Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
358 | 358 | 0.0% |
Summary: The Manchester Township real estate market had 358 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 25 | -21.9% |
2 Bedrooms | 256 | 267 | +4.3% |
3 Bedrooms | 38 | 37 | -2.6% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Manchester Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 80 | -5.9% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Manchester Township in March 2024, down by 5.9% month-over-month. Of the 80 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% were sold over asking.
Days on Market for Manchester Township, NJ
How long does it take to sell a home in Manchester Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 53 Days | +29.7% |
Summary: Homes in Manchester Township had an average of 53 days on market in Mar 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 80 homes were sold in Manchester Township; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.