Is Englishtown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Englishtown has remained a Seller's Market.
Housing Prices in Englishtown, NJ
How much do homes in Englishtown, NJ cost?
Median Sold Price
$406,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Englishtown was $406,000 in May 2024, up 21.2% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240.5K | $239K | -0.6% |
2 Bedrooms | $315K | $360K | +14.3% |
3 Bedrooms | $352K | $487K | +38.4% |
4 Bedrooms | $682.7K | $675K | -1.1% |
5+ Bedrooms | $762.5K | $732K | -4.0% |
Summary: Englishtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 38.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Englishtown | $335K | $406K | +21.2% |
Manalapan Township | $650K | $650K | 0.0% |
Housing Supply in Englishtown, NJ
How many homes are available in Englishtown, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Summary: The Englishtown real estate market had 25 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Englishtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Englishtown in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Englishtown, NJ
How long does it take to sell a home in Englishtown, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 29 Days | -45.6% |
Summary: Homes in Englishtown had an average of 29 days on market in May 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Englishtown; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.