Is Port Murray, 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, Port Murray has remained a Buyer's Market.
Key Takeaway
Port Murray is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Murray, NJ
How much do homes in Port Murray, NJ cost?
Median Sold Price
$390,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Port Murray have sold for 13% less than they did a year ago.
Summary: The median home sold price in Port Murray was $390,000 in March 2024, down 13% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $345.5K | +32.9% |
| 3 Bedrooms | $398.5K | $377.2K | -5.3% |
| 4 Bedrooms | $600K | $547.5K | -8.8% |
| 5+ Bedrooms | $690K | $975K | +41.3% |
Summary: Port Murray 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 increased by 32.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 41.3%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $335K | $367.3K | +9.6% |
| Mansfield Township | $355K | $387.2K | +9.1% |
| Lebanon Township | $570K | $600K | +5.3% |
| Port Murray | $448.5K | $390K | -13.0% |
| Oxford | $335K | $267.6K | -20.1% |
Housing Supply in Port Murray, NJ
How many homes are available in Port Murray, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Port Murray real estate market had 12 homes for sale in March 2024, a 9.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Port Murray 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Port Murray, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Port Murray in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Port Murray, NJ
We’re sorry, we don't have information for this market at the moment
