Is Matawan, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Matawan has remained a Seller's Market.
Housing Prices in Matawan, NJ
How much do homes in Matawan, NJ cost?
Median Sold Price
$491,125
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Matawan was $491,125 in March 2024, up 8.8% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $247K | +14.9% |
2 Bedrooms | $295K | $340K | +15.3% |
3 Bedrooms | $485K | $510K | +5.2% |
4 Bedrooms | $629K | $675K | +7.3% |
5+ Bedrooms | $630K | $700K | +11.1% |
Summary: Matawan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Keyport | $400K | $439K | +9.8% |
Matawan | $451.4K | $491.6K | +8.9% |
Matawan | $451.4K | $491.1K | +8.8% |
Aberdeen Township | $450K | $476.6K | +5.9% |
Housing Supply in Matawan, NJ
How many homes are available in Matawan, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 106 | +7.1% |
Summary: The Matawan real estate market had 106 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 15 | +25.0% |
2 Bedrooms | 25 | 26 | +4.0% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 22 | 27 | +22.7% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Matawan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 33 | +120.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Matawan in March 2024, up by 120.0% month-over-month. Of the 33 sold homes, 61% were sold under asking, 6% were sold at asking, and 33% were sold over asking.
Days on Market for Matawan, NJ
How long does it take to sell a home in Matawan, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 41 Days | -5.9% |
Summary: Homes in Matawan had an average of 41 days on market in Mar 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Matawan; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.