Is Morganville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Morganville was a Seller's Market.
Housing Prices in Morganville, NJ
How much do homes in Morganville, NJ cost?
Median Sold Price
$736,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Morganville was $736,000 in March 2024, up 1.5% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $376K | $362.7K | -3.5% |
3 Bedrooms | $535K | $506K | -5.4% |
4 Bedrooms | $732.5K | $780K | +6.5% |
5+ Bedrooms | $1.0M | $1.1M | +4.2% |
Summary: Morganville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Holmdel Township | $830K | $952.5K | +14.8% |
Matawan | $451.4K | $491.6K | +8.9% |
Marlboro Township | $704K | $732.7K | +4.1% |
Marlboro | $740K | $760K | +2.7% |
Morganville | $725K | $736K | +1.5% |
Housing Supply in Morganville, NJ
How many homes are available in Morganville, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 50 | +19.0% |
Summary: The Morganville real estate market had 50 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Morganville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Morganville in March 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Morganville, NJ
How long does it take to sell a home in Morganville, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 36 Days | +4.1% |
Summary: Homes in Morganville had an average of 36 days on market in Mar 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Morganville; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.