Is Cream Ridge, 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, Cream Ridge was a Neutral Market.
Housing Prices in Cream Ridge, NJ
How much do homes in Cream Ridge, NJ cost?
Median Sold Price
$710,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cream Ridge was $710,000 in April 2024, up 21.4% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61K | $65K | +6.6% |
2 Bedrooms | $337K | $345.5K | +2.5% |
3 Bedrooms | $471.2K | $485K | +2.9% |
4 Bedrooms | $800K | $750K | -6.3% |
5+ Bedrooms | $925K | $1.1M | +24.3% |
Summary: Cream Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 24.3%.
Median Sold Price Compared To Nearby Cities
Cream Ridge | $585K | $710K | +21.4% |
Millstone Township | $760K | $876K | +15.3% |
Plumsted Township | $425K | $430K | +1.2% |
New Egypt | $436K | $440.9K | +1.1% |
Upper Freehold Township | $705K | $675K | -4.3% |
Housing Supply in Cream Ridge, NJ
How many homes are available in Cream Ridge, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Summary: The Cream Ridge real estate market had 22 homes for sale in April 2024, a 29.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Cream Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Cream Ridge in April 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cream Ridge, NJ
How long does it take to sell a home in Cream Ridge, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 124 Days | +109.5% |
Summary: Homes in Cream Ridge had an average of 124 days on market in Apr 2024, up by 109.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Cream Ridge; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.