Is Keansburg, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Keansburg is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Keansburg has remained a Seller's Market.

Key Takeaway

Keansburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Keansburg, NJ

How much do homes in Keansburg, NJ cost?

Median Sold Price

$330,000

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$38,000(+13.0%)

Key Takeaway

Homes in Keansburg have sold for 13% more than they did a year ago.

Summary: The median home sold price in Keansburg was $330,000 in April 2024, up 13% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $173K$218K
+26.0%
2 $270K$235K
-13.0%
3 $301K$368K
+22.3%
4 $342.5K$382.5K
+11.7%
5+ $400K$431K
+7.8%

Summary: Keansburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Keansburg
+13.0%
Keyport
+11.4%
Union Beach
+9.8%
Hazlet Township
+8.3%
Middletown
+5.5%

Housing Supply in Keansburg, NJ

How many homes are available in Keansburg, NJ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5953-10.2%

Summary: The Keansburg real estate market had 53 homes for sale in April 2024, a 10.2% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 76
-14.3%
2 1918
-5.3%
3 2116
-23.8%
4 811
+37.5%
5+ 42
-50.0%

Summary: The Keansburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
11110.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Keansburg, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Keansburg in April 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.

Days on Market for Keansburg, NJ

How long does it take to sell a home in Keansburg, NJ?

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days44 Days+46.6%

Summary: Homes in Keansburg had an average of 44 days on market in Apr 2024, up by 46.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Keansburg are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in Keansburg; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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