Is Middletown Township, 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, Middletown Township has remained a Seller's Market.
Housing Prices in Middletown Township, NJ
How much do homes in Middletown Township, NJ cost?
Median Sold Price
$583,200
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middletown Township was $583,200 in March 2024, up 3.8% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250.9K | $314K | +25.1% |
2 Bedrooms | $372.5K | $389.9K | +4.7% |
3 Bedrooms | $534.5K | $547K | +2.3% |
4 Bedrooms | $682K | $727.4K | +6.7% |
5+ Bedrooms | $882K | $890K | +0.9% |
Summary: Middletown Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
Fair Haven | $1.1M | $1.3M | +17.8% |
Red Bank | $491.2K | $525K | +6.9% |
Middletown Township | $561.6K | $583.2K | +3.8% |
Middletown | $575K | $595K | +3.5% |
Lincroft | $811.5K | $812.5K | 0.1% |
Housing Supply in Middletown Township, NJ
How many homes are available in Middletown Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
150 | 158 | +5.3% |
Summary: The Middletown Township real estate market had 158 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 33 | 33 | 0.0% |
3 Bedrooms | 47 | 52 | +10.6% |
4 Bedrooms | 49 | 51 | +4.1% |
5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Middletown Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 42 | +27.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Middletown Township in March 2024, up by 27.3% month-over-month. Of the 42 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for Middletown Township, NJ
How long does it take to sell a home in Middletown Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 27 Days | -19.2% |
Summary: Homes in Middletown Township had an average of 27 days on market in Mar 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in Middletown Township; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.