Is Rumson, 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, Rumson has remained a Seller's Market.
Housing Prices in Rumson, NJ
How much do homes in Rumson, NJ cost?
Median Sold Price
$2,159,500
$587/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rumson was $2,159,500 in March 2024, up 24.3% from last year, and the median price per square foot was $587.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.2M | $505K | -59.8% |
3 Bedrooms | $964.5K | $1.4M | +52.4% |
4 Bedrooms | $1.6M | $1.7M | +10.5% |
5+ Bedrooms | $2.8M | $2.9M | +1.4% |
Summary: Rumson 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 59.8%, 3 bedroom homes increased by 52.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Sea Bright | $1.0M | $1.3M | +28.6% |
Rumson | $1.7M | $2.1M | +24.3% |
Fair Haven | $1.1M | $1.3M | +17.8% |
Monmouth Beach | $767K | $899K | +17.2% |
Little Silver | $950K | $861K | -9.4% |
Housing Supply in Rumson, NJ
How many homes are available in Rumson, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 35 | -5.4% |
Summary: The Rumson real estate market had 35 homes for sale in March 2024, a 5.4% decrease 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 | 0 | -100.0% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Rumson 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 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Rumson in March 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Rumson, NJ
How long does it take to sell a home in Rumson, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 25 Days | -57.2% |
Summary: Homes in Rumson had an average of 25 days on market in Mar 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Rumson; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.