Is New Egypt, 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, New Egypt was a Seller's Market.
Key Takeaway
New Egypt is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Egypt, NJ
How much do homes in New Egypt, NJ cost?
Median Sold Price
$452,995
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Egypt have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in New Egypt was $452,995 in March 2024, up 6.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $150K | +17.6% |
| 2 Bedrooms | $257.5K | $310K | +20.4% |
| 3 Bedrooms | $412.5K | $428.9K | +4.0% |
| 4 Bedrooms | $550K | $651K | +18.4% |
| 5+ Bedrooms | $684.5K | $540K | -21.1% |
Summary: New Egypt housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Cream Ridge | $557.4K | $650K | +16.6% |
| New Egypt | $425K | $452.9K | +6.6% |
| Plumsted Township | $420K | $445.4K | +6.1% |
Housing Supply in New Egypt, NJ
How many homes are available in New Egypt, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The New Egypt real estate market had 40 homes for sale in March 2024, a 8.1% 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 | 7 | +40.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The New Egypt 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 increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Egypt, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in New Egypt in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for New Egypt, NJ
How long does it take to sell a home in New Egypt, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 84 Days | +296.0% |
Summary: Homes in New Egypt had an average of 84 days on market in Mar 2024, up by 296% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Egypt are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in New Egypt; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.