Is Union Beach, 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, Union Beach was a Buyer's Market.
Housing Prices in Union Beach, NJ
How much do homes in Union Beach, NJ cost?
Median Sold Price
$460,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Union Beach was $460,000 in April 2024, up 9.8% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | - | N/A |
2 Bedrooms | $271K | $370K | +36.5% |
3 Bedrooms | $405K | $450K | +11.1% |
4 Bedrooms | $505K | $595K | +17.8% |
5+ Bedrooms | $640K | $645K | +0.8% |
Summary: Union Beach 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 increased by 36.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Keansburg | $292K | $330K | +13.0% |
Keyport | $395K | $440K | +11.4% |
Union Beach | $419K | $460K | +9.8% |
Hazlet | $475K | $517.5K | +8.9% |
Hazlet Township | $450K | $487.5K | +8.3% |
Housing Supply in Union Beach, NJ
How many homes are available in Union Beach, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Summary: The Union Beach real estate market had 29 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Union Beach 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Union Beach in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Union Beach, NJ
How long does it take to sell a home in Union Beach, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 18 Days | -61.7% |
Summary: Homes in Union Beach had an average of 18 days on market in Apr 2024, down by 61.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Union Beach; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.