Is Upper Freehold Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Upper Freehold Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Upper Freehold Township has remained a Seller's Market.

Key Takeaway

Upper Freehold Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Upper Freehold Township, NJ

How much do homes in Upper Freehold Township, NJ cost?

Median Sold Price

$720,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,000(+0.3%)

Key Takeaway

The sold price of homes in Upper Freehold Township has remained the same since last year.

Summary: The median home sold price in Upper Freehold Township was $720,000 in November 2024, up 0.3% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $62.5K$65K
+4.0%
2 $505K$525K
+4.0%
3 $530K$630K
+18.9%
4 $864K$949K
+9.8%
5+ $895.2K$1.0M
+21.2%

Summary: Upper Freehold Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 21.2%.

Median Sold Price Compared To Nearby Cities

Robbinsville Township
+28.6%
Millstone Township
+15.2%
Allentown
+8.3%
Upper Freehold Township
0.3%

Housing Supply in Upper Freehold Township, NJ

How many homes are available in Upper Freehold Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3742+13.5%

Summary: The Upper Freehold Township real estate market had 42 homes for sale in November 2024, a 13.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 12
+100.0%
3 1514
-6.7%
4 1318
+38.5%
5+ 76
-14.3%

Summary: The Upper Freehold Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Upper Freehold Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Upper Freehold Township in November 2024, up by 42.9% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for Upper Freehold Township, NJ

How long does it take to sell a home in Upper Freehold Township, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days34 Days-15.1%

Summary: Homes in Upper Freehold Township had an average of 34 days on market in Nov 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Upper Freehold Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Upper Freehold Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Upper Freehold Township, NJ

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