Is Upper Freehold Township, 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, Upper Freehold Township has remained a Seller's Market.
Housing Prices in Upper Freehold Township, NJ
How much do homes in Upper Freehold Township, NJ cost?
Median Sold Price
$700,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Upper Freehold Township was $700,000 in March 2024, down 0.7% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61.2K | $62.5K | +2.0% |
2 Bedrooms | $453.5K | $505K | +11.4% |
3 Bedrooms | $600K | $585K | -2.5% |
4 Bedrooms | $800K | $837.5K | +4.7% |
5+ Bedrooms | $850K | $1.1M | +35.3% |
Summary: Upper Freehold Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 35.3%.
Median Sold Price Compared To Nearby Cities
Robbinsville Township | $480K | $550.5K | +14.7% |
Millstone Township | $777.5K | $876K | +12.7% |
Allentown | $550K | $550K | 0.0% |
Upper Freehold Township | $705K | $700K | -0.7% |
Housing Supply in Upper Freehold Township, NJ
How many homes are available in Upper Freehold Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 26 | -25.7% |
Summary: The Upper Freehold Township real estate market had 26 homes for sale in March 2024, a 25.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 12 | 9 | -25.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Upper Freehold 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 decreased by 16.7%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Upper Freehold Township in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
95 Days | 109 Days | +15.3% |
Summary: Homes in Upper Freehold Township had an average of 109 days on market in Mar 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Upper Freehold Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.