Is Marlboro 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, Marlboro Township was a Seller's Market.
Housing Prices in Marlboro Township, NJ
How much do homes in Marlboro Township, NJ cost?
Median Sold Price
$732,750
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Marlboro Township was $732,750 in March 2024, up 4.1% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $240K | -2.4% |
2 Bedrooms | $399.9K | $445K | +11.3% |
3 Bedrooms | $569.5K | $631.2K | +10.8% |
4 Bedrooms | $747.5K | $780K | +4.3% |
5+ Bedrooms | $960K | $1.0M | +6.3% |
Summary: Marlboro Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Holmdel | $830K | $957.5K | +15.4% |
Holmdel Township | $830K | $952.5K | +14.8% |
Marlboro Township | $704K | $732.7K | +4.1% |
Marlboro | $740K | $760K | +2.7% |
Morganville | $725K | $736K | +1.5% |
Housing Supply in Marlboro Township, NJ
How many homes are available in Marlboro Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 98 | +1.0% |
Summary: The Marlboro Township real estate market had 98 homes for sale in March 2024, a 1.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 30 | 33 | +10.0% |
5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Marlboro Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Marlboro Township in March 2024, down by 27.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Marlboro Township, NJ
How long does it take to sell a home in Marlboro Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 24 Days | -19.7% |
Summary: Homes in Marlboro Township had an average of 24 days on market in Mar 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Marlboro Township; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.