Is Wall 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, Wall Township has remained a Seller's Market.
Housing Prices in Wall Township, NJ
How much do homes in Wall Township, NJ cost?
Median Sold Price
$755,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wall Township was $755,000 in March 2024, up 5.2% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.5K | $309.5K | -8.3% |
2 Bedrooms | $486K | $532.5K | +9.6% |
3 Bedrooms | $631K | $724.5K | +14.8% |
4 Bedrooms | $900K | $900K | 0.0% |
5+ Bedrooms | $1.1M | $1.1M | +4.5% |
Summary: Wall Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 14.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Belmar | $631K | $742K | +17.6% |
Neptune Township | $450K | $517.7K | +15.1% |
Neptune | $424.8K | $471.6K | +11.0% |
Lake Como | $620K | $674.9K | +8.9% |
Wall Township | $717.7K | $755K | +5.2% |
Housing Supply in Wall Township, NJ
How many homes are available in Wall Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 85 | +25.0% |
Summary: The Wall Township real estate market had 85 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 14 | +100.0% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The Wall 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 increased by 100%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 25 | +127.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Wall Township in March 2024, up by 127.3% month-over-month. Of the 25 sold homes, 24% were sold under asking, 16% were sold at asking, and 60% were sold over asking.
Days on Market for Wall Township, NJ
How long does it take to sell a home in Wall Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 36 Days | -1.2% |
Summary: Homes in Wall Township had an average of 36 days on market in Mar 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Wall Township; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.