Is Mansfield 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, Mansfield Township was a Seller's Market.
Key Takeaway
Mansfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mansfield Township, NJ
How much do homes in Mansfield Township, NJ cost?
Median Sold Price
$387,250
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mansfield Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Mansfield Township was $387,250 in March 2024, up 9.1% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222.5K | $292.5K | +31.5% |
| 3 Bedrooms | $335K | $365K | +9.0% |
| 4 Bedrooms | $497.4K | $540K | +8.6% |
| 5+ Bedrooms | $575K | $590K | +2.6% |
Summary: Mansfield 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 31.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Independence Township | $320K | $351.2K | +9.8% |
| Mansfield Township | $355K | $387.2K | +9.1% |
| Lebanon Township | $570K | $600K | +5.3% |
| Port Murray | $448.5K | $390K | -13.0% |
| Oxford | $335K | $267.6K | -20.1% |
Housing Supply in Mansfield Township, NJ
How many homes are available in Mansfield Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Mansfield Township real estate market had 31 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mansfield 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 remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mansfield Township in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mansfield Township, NJ
We’re sorry, we don't have information for this market at the moment
