Is Jackson 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, Jackson Township has remained a Seller's Market.
Housing Prices in Jackson Township, NJ
How much do homes in Jackson Township, NJ cost?
Median Sold Price
$541,571
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jackson Township was $541,571 in March 2024, up 0.3% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195.4K | $221K | +13.1% |
2 Bedrooms | $315K | $321.6K | +2.1% |
3 Bedrooms | $510K | $525K | +2.9% |
4 Bedrooms | $690K | $660K | -4.3% |
5+ Bedrooms | $825K | $810K | -1.8% |
Summary: Jackson Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Howell Township | $541.3K | $577K | +6.6% |
Howell | $550K | $575K | +4.5% |
Jackson Township | $540K | $541.5K | 0.3% |
Jackson | $540K | $540.2K | 0.0% |
Lakewood Township | $343.9K | $315.2K | -8.3% |
Housing Supply in Jackson Township, NJ
How many homes are available in Jackson Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
276 | 303 | +9.8% |
Summary: The Jackson Township real estate market had 303 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 67 | 81 | +20.9% |
3 Bedrooms | 76 | 83 | +9.2% |
4 Bedrooms | 86 | 94 | +9.3% |
5+ Bedrooms | 42 | 42 | 0.0% |
Summary: The Jackson Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 63 | +61.5% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Jackson Township in March 2024, up by 61.5% month-over-month. Of the 63 sold homes, 68% were sold under asking, 10% were sold at asking, and 22% were sold over asking.
Days on Market for Jackson Township, NJ
How long does it take to sell a home in Jackson Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 60 Days | +27.8% |
Summary: Homes in Jackson Township had an average of 60 days on market in Mar 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in Jackson Township; 38% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.