Is Marlboro, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Marlboro has remained a Seller's Market.
Housing Prices in Marlboro, NJ
How much do homes in Marlboro, NJ cost?
Median Sold Price
$751,245
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Marlboro was $751,245 in February 2024, up 0.8% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $470K | $535K | +13.8% |
3 Bedrooms | $617.5K | $672.5K | +8.9% |
4 Bedrooms | $786.2K | $775K | -1.4% |
5+ Bedrooms | $923K | $985K | +6.7% |
Summary: Marlboro housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Holmdel Township | $829.5K | $932.5K | +12.4% |
Marlboro Township | $711.2K | $720.5K | +1.3% |
Marlboro | $745K | $751.2K | +0.8% |
Morganville | $730K | $720.5K | -1.3% |
Housing Supply in Marlboro, NJ
How many homes are available in Marlboro, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 47 | -4.1% |
Summary: The Marlboro real estate market had 47 homes for sale in February 2024, a 4.1% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 15 | 13 | -13.3% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Marlboro housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Marlboro in February 2024, up by 50.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for Marlboro, NJ
How long does it take to sell a home in Marlboro, NJ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -27.1% |
Summary: Homes in Marlboro had an average of 25 days on market in Feb 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in Marlboro; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.