Is Tinton Falls, 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, Tinton Falls has remained a Seller's Market.
Housing Prices in Tinton Falls, NJ
How much do homes in Tinton Falls, NJ cost?
Median Sold Price
$475,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tinton Falls was $475,000 in March 2024, up 10.2% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $305K | +8.9% |
2 Bedrooms | $390K | $412K | +5.6% |
3 Bedrooms | $505K | $553K | +9.5% |
4 Bedrooms | $622K | $751K | +20.7% |
5+ Bedrooms | $836K | $1.0M | +28.9% |
Summary: Tinton Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Cities
Shrewsbury Township | $645K | $751K | +16.4% |
Tinton Falls | $431K | $475K | +10.2% |
Colts Neck | $1.1M | $1.2M | +4.7% |
Ocean Township | $700K | $700K | 0.0% |
Eatontown | $470K | $460.9K | -1.9% |
Housing Supply in Tinton Falls, NJ
How many homes are available in Tinton Falls, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 51 | +10.9% |
Summary: The Tinton Falls real estate market had 51 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Tinton Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Tinton Falls in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 7% were sold under asking, 43% were sold at asking, and 50% were sold over asking.
Days on Market for Tinton Falls, NJ
How long does it take to sell a home in Tinton Falls, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 22 Days | -11.7% |
Summary: Homes in Tinton Falls had an average of 22 days on market in Mar 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Tinton Falls; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.