Is Marlboro, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marlboro is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Marlboro has remained a Seller's Market.

Key Takeaway

Marlboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$6,245(+0.8%)

Key Takeaway

Homes in Marlboro have sold for 0.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $470K$535K
+13.8%
3 $617.5K$672.5K
+8.9%
4 $786.2K$775K
-1.4%
5+ $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
+12.4%
Marlboro Township
+1.3%
Marlboro
+0.8%
Morganville
-1.3%

Housing Supply in Marlboro, NJ

How many homes are available in Marlboro, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4947-4.1%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 118
-27.3%
3 1111
0.0%
4 1513
-13.3%
5+ 1215
+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 2024Feb 2024CHANGE
1015+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marlboro, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
34 Days25 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marlboro are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Marlboro, NJ

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