Is Middle Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Middle Township was a Seller's Market.
Key Takeaway
Middle Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Middle Township, NJ
How much do homes in Middle Township, NJ cost?
Median Sold Price
$369,995
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middle Township have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Middle Township was $369,995 in April 2024, up 2.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.4K | $170K | +28.4% |
| 2 Bedrooms | $300K | $275K | -8.3% |
| 3 Bedrooms | $350.7K | $400K | +14.1% |
| 4 Bedrooms | $427.5K | $447.5K | +4.7% |
| 5+ Bedrooms | $800K | $740K | -7.5% |
Summary: Middle Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Middle Township | $359.9K | $369.9K | +2.8% |
| Cape May Court House | $427.5K | $369.9K | -13.5% |
| North Wildwood | $450K | $349.5K | -22.3% |
Housing Supply in Middle Township, NJ
How many homes are available in Middle Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Summary: The Middle Township real estate market had 30 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Middle Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Middle Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Middle Township in April 2024, up by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Middle Township, NJ
How long does it take to sell a home in Middle Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 77 Days | +188.8% |
Summary: Homes in Middle Township had an average of 77 days on market in Apr 2024, up by 188.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Middle Township has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Middle Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.