Is West End Long Branch, 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, West End Long Branch was a Seller's Market.
Key Takeaway
West End Long Branch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West End Long Branch, NJ
How much do homes in West End Long Branch, NJ cost?
Median Sold Price
$610,000
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West End Long Branch have sold for 23.7% less than they did a year ago.
Summary: The median home sold price in West End Long Branch was $610,000 in April 2024, down 23.7% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $331.2K | $349K | +5.4% |
| 2 Bedrooms | $540K | $633K | +17.2% |
| 3 Bedrooms | $804.9K | $761.3K | -5.4% |
| 4 Bedrooms | $937.5K | $950K | +1.3% |
| 5+ Bedrooms | $1.3M | $2.2M | +66.0% |
Summary: West End Long Branch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 66%.
Median Sold Price Compared To Nearby Neighborhoods
| Uptown Long Branch | $535K | $752K | +40.6% |
| Downtown / Arts District | $622.5K | $675K | +8.4% |
| West End Long Branch | $799.9K | $610K | -23.7% |
Housing Supply in West End Long Branch, NJ
How many homes are available in West End Long Branch, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 65 | +10.2% |
Summary: The West End Long Branch real estate market had 65 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The West End Long Branch 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 8.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West End Long Branch, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West End Long Branch in April 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for West End Long Branch, NJ
How long does it take to sell a home in West End Long Branch, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 24 Days | -60.4% |
Summary: Homes in West End Long Branch had an average of 24 days on market in Apr 2024, down by 60.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West End Long Branch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in West End Long Branch; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.