Is Mays Landing, 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, Mays Landing has remained a Seller's Market.
Housing Prices in Mays Landing, NJ
How much do homes in Mays Landing, NJ cost?
Median Sold Price
$293,483
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mays Landing was $293,483 in March 2024, up 17.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.5K | $115K | +9.0% |
2 Bedrooms | $180K | $213.4K | +18.6% |
3 Bedrooms | $268.1K | $300K | +11.9% |
4 Bedrooms | $362.2K | $400K | +10.4% |
5+ Bedrooms | $365K | $550K | +50.7% |
Summary: Mays Landing housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 50.7%.
Median Sold Price Compared To Nearby Cities
Hamilton Township | $250K | $299.4K | +19.8% |
Mays Landing | $250K | $293.4K | +17.4% |
Weymouth Township | $345K | $288.5K | -16.4% |
Housing Supply in Mays Landing, NJ
How many homes are available in Mays Landing, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
144 | 144 | 0.0% |
Summary: The Mays Landing real estate market had 144 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 38 | 30 | -21.1% |
3 Bedrooms | 66 | 73 | +10.6% |
4 Bedrooms | 32 | 33 | +3.1% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Mays Landing 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 21.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 26 | -18.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Mays Landing in March 2024, down by 18.8% month-over-month. Of the 22 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Mays Landing, NJ
How long does it take to sell a home in Mays Landing, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 44 Days | -31.8% |
Summary: Homes in Mays Landing had an average of 44 days on market in Mar 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Mays Landing; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.