Is Howell Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Howell Township has remained a Seller's Market.
Housing Prices in Howell Township, NJ
How much do homes in Howell Township, NJ cost?
Median Sold Price
$585,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Howell Township was $585,000 in April 2024, up 6.6% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215.2K | $250.5K | +16.4% |
2 Bedrooms | $330K | $350K | +6.1% |
3 Bedrooms | $495K | $535K | +8.1% |
4 Bedrooms | $625K | $675K | +8.0% |
5+ Bedrooms | $717.5K | $752K | +4.8% |
Summary: Howell Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
Howell Township | $549K | $585K | +6.6% |
Howell | $550K | $583.1K | +6.0% |
Lakewood | $347.8K | $325.5K | -6.4% |
Lakewood Township | $342.6K | $313.9K | -8.4% |
Farmingdale | $879K | $744.3K | -15.3% |
Housing Supply in Howell Township, NJ
How many homes are available in Howell Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
223 | 230 | +3.1% |
Summary: The Howell Township real estate market had 230 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 50 | 51 | +2.0% |
3 Bedrooms | 66 | 79 | +19.7% |
4 Bedrooms | 76 | 71 | -6.6% |
5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Howell Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 19.7%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 67 | +36.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Howell Township in April 2024, up by 36.7% month-over-month. Of the 67 sold homes, 36% were sold under asking, 15% were sold at asking, and 49% were sold over asking.
Days on Market for Howell Township, NJ
How long does it take to sell a home in Howell Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 33 Days | -28.0% |
Summary: Homes in Howell Township had an average of 33 days on market in Apr 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 67 homes were sold in Howell Township; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.