Is Upper Township, 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, Upper Township was a Seller's Market.
Housing Prices in Upper Township, NJ
How much do homes in Upper Township, NJ cost?
Median Sold Price
$422,500
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper Township was $422,500 in April 2024, up 3.1% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $145K | -36.9% |
2 Bedrooms | $329.9K | $333K | +0.9% |
3 Bedrooms | $368K | $400K | +8.7% |
4 Bedrooms | $502.5K | $560K | +11.4% |
5+ Bedrooms | $330K | $815K | +147.0% |
Summary: Upper Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 147%.
Median Sold Price Compared To Nearby Cities
Estell Manor | $328K | $415K | +26.5% |
Ocean View | $394.9K | $479K | +21.3% |
Upper Township | $409.9K | $422.5K | +3.1% |
Marmora | $407.4K | $413.5K | +1.5% |
Housing Supply in Upper Township, NJ
How many homes are available in Upper Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 49 | +4.3% |
Summary: The Upper Township real estate market had 49 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Upper Township 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Upper Township in April 2024, down by 20.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Upper Township, NJ
How long does it take to sell a home in Upper Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 22 Days | -59.4% |
Summary: Homes in Upper Township had an average of 22 days on market in Apr 2024, down by 59.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Upper Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.