Is North Long Branch, 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, North Long Branch was a Neutral Market.
Housing Prices in North Long Branch, NJ
How much do homes in North Long Branch, NJ cost?
Median Sold Price
$710,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Long Branch was $710,000 in April 2024, up 1.7% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.0M | - | N/A |
2 Bedrooms | $677.5K | $655K | -3.3% |
3 Bedrooms | $595K | $615K | +3.4% |
4 Bedrooms | $802.5K | $744K | -7.3% |
5+ Bedrooms | $2.5M | $2.8M | +13.1% |
Summary: North Long Branch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Neighborhoods
Downtown / Arts District | $622.5K | $675K | +8.4% |
North Long Branch | $698K | $710K | +1.7% |
Housing Supply in North Long Branch, NJ
How many homes are available in North Long Branch, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Summary: The North Long Branch real estate market had 28 homes for sale in April 2024, a 33.3% increase 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 | 2 | 6 | +200.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The North Long Branch 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 increased by 200%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in North Long Branch in April 2024, up by 350.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for North Long Branch, NJ
How long does it take to sell a home in North Long Branch, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 53 Days | -13.9% |
Summary: Homes in North Long Branch had an average of 53 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in North Long Branch; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.