Is Marlboro Township, 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, Marlboro Township was a Neutral Market.
Housing Prices in Marlboro Township, NJ
How much do homes in Marlboro Township, NJ cost?
Median Sold Price
$745,823
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marlboro Township was $745,823 in April 2024, up 4.6% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240.5K | $240K | -0.2% |
2 Bedrooms | $400K | $445K | +11.3% |
3 Bedrooms | $577.5K | $627.5K | +8.7% |
4 Bedrooms | $760K | $782K | +2.9% |
5+ Bedrooms | $960K | $1.1M | +14.6% |
Summary: Marlboro Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
Holmdel Township | $849.9K | $925K | +8.8% |
Holmdel | $852.4K | $925K | +8.5% |
Morganville | $725K | $760K | +4.8% |
Marlboro Township | $713K | $745.8K | +4.6% |
Marlboro | $740.7K | $760K | +2.6% |
Housing Supply in Marlboro Township, NJ
How many homes are available in Marlboro Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 100 | -4.8% |
Summary: The Marlboro Township real estate market had 100 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 33 | 28 | -15.2% |
5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The Marlboro Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Marlboro Township in April 2024, up by 35.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 4% were sold at asking, and 52% were sold over asking.
Days on Market for Marlboro Township, NJ
How long does it take to sell a home in Marlboro Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 42 Days | +71.8% |
Summary: Homes in Marlboro Township had an average of 42 days on market in Apr 2024, up by 71.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Marlboro Township; 52% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.