Is Monroe Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monroe Township has remained a Seller's Market.
Housing Prices in Monroe Township, NJ
How much do homes in Monroe Township, NJ cost?
Median Sold Price
$312,333
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe Township was $312,333 in April 2024, up 7.7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84K | $100K | +19.0% |
2 Bedrooms | $240K | $262.5K | +9.4% |
3 Bedrooms | $275K | $287.5K | +4.5% |
4 Bedrooms | $389.9K | $399.9K | +2.6% |
5+ Bedrooms | $522.5K | $507.5K | -2.9% |
Summary: Monroe Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
Monroe Township | $290K | $312.3K | +7.7% |
Winslow Township | $290K | $309.9K | +6.9% |
Williamstown | $285.3K | $305K | +6.9% |
Sicklerville | $310K | $318K | +2.6% |
Franklinville | $316K | $315K | -0.3% |
Housing Supply in Monroe Township, NJ
How many homes are available in Monroe Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 123 | -0.8% |
Summary: The Monroe Township real estate market had 123 homes for sale in April 2024, a 0.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 20 | -20.0% |
3 Bedrooms | 54 | 53 | -1.9% |
4 Bedrooms | 32 | 38 | +18.8% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Monroe 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 20%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Monroe Township in April 2024, up by 3.8% month-over-month. Of the 27 sold homes, 26% were sold under asking, 30% were sold at asking, and 44% were sold over asking.
Days on Market for Monroe Township, NJ
How long does it take to sell a home in Monroe Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 22 Days | -39.4% |
Summary: Homes in Monroe Township had an average of 22 days on market in Apr 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Monroe Township; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.