Is Mansfield Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mansfield Township has remained a Seller's Market.
Housing Prices in Mansfield Township, NJ
How much do homes in Mansfield Township, NJ cost?
Median Sold Price
$350,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mansfield Township was $350,000 in April 2024, down 12.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $306K | $325K | +6.2% |
3 Bedrooms | $412.7K | $365K | -11.6% |
4 Bedrooms | $685K | $610K | -10.9% |
5+ Bedrooms | $880K | $767.5K | -12.8% |
Summary: Mansfield 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 6.2%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Cities
Bordentown Township | $340K | $378K | +11.2% |
Springfield Township | $535K | $575K | +7.5% |
Florence Township | $280K | $298.5K | +6.6% |
Chesterfield | $635K | $645.9K | +1.7% |
Mansfield Township | $400.7K | $350K | -12.7% |
Housing Supply in Mansfield Township, NJ
How many homes are available in Mansfield Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Summary: The Mansfield Township real estate market had 42 homes for sale in April 2024, a 16.7% 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 | 14 | 17 | +21.4% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mansfield 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 21.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Mansfield Township in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for Mansfield Township, NJ
How long does it take to sell a home in Mansfield Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 11 Days | -81.8% |
Summary: Homes in Mansfield Township had an average of 11 days on market in Apr 2024, down by 81.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Mansfield Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.