Is Robbinsville Township, 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, Robbinsville Township was a Neutral Market.
Key Takeaway
Robbinsville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Robbinsville Township, NJ
How much do homes in Robbinsville Township, NJ cost?
Median Sold Price
$550,550
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Robbinsville Township have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Robbinsville Township was $550,550 in March 2024, up 14.7% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $267.7K | +1.0% |
| 2 Bedrooms | $307.5K | $365K | +18.7% |
| 3 Bedrooms | $550K | $610K | +10.9% |
| 4 Bedrooms | $753.7K | $877.5K | +16.4% |
| 5+ Bedrooms | $1.0M | $970K | -10.6% |
Summary: Robbinsville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Robbinsville Township | $480K | $550.5K | +14.7% |
| Hamilton Township | $340K | $366.3K | +7.7% |
| Allentown | $550K | $550K | 0.0% |
| Upper Freehold Township | $705K | $700K | -0.7% |
| East Windsor Township | $415K | $410.1K | -1.2% |
Housing Supply in Robbinsville Township, NJ
How many homes are available in Robbinsville Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 72 | +16.1% |
Summary: The Robbinsville Township real estate market had 72 homes for sale in March 2024, a 16.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Robbinsville Township 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 26.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Robbinsville Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Robbinsville Township in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Robbinsville Township, NJ
How long does it take to sell a home in Robbinsville Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +8.8% |
Summary: Homes in Robbinsville Township had an average of 24 days on market in Mar 2024, up by 8.8% compared to last year.
Breakdown of Home Sale Times
7 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 Robbinsville Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Robbinsville Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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.