Is Middletown 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, Middletown Township has remained a Seller's Market.
Housing Prices in Middletown Township, NJ
How much do homes in Middletown Township, NJ cost?
Median Sold Price
$585,095
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Middletown Township was $585,095 in April 2024, up 4.1% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250.6K | $314K | +25.3% |
2 Bedrooms | $375K | $385K | +2.7% |
3 Bedrooms | $535K | $550K | +2.8% |
4 Bedrooms | $683K | $749.4K | +9.7% |
5+ Bedrooms | $878.7K | $887.5K | +1.0% |
Summary: Middletown Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Fair Haven | $1.1M | $1.3M | +13.9% |
Red Bank | $496.2K | $540K | +8.8% |
Middletown | $568.5K | $600K | +5.5% |
Middletown Township | $562K | $585K | +4.1% |
Lincroft | $810K | $825K | +1.9% |
Housing Supply in Middletown Township, NJ
How many homes are available in Middletown Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
187 | 200 | +7.0% |
Summary: The Middletown Township real estate market had 200 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 40 | 41 | +2.5% |
3 Bedrooms | 62 | 55 | -11.3% |
4 Bedrooms | 61 | 70 | +14.8% |
5+ Bedrooms | 20 | 28 | +40.0% |
Summary: The Middletown Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 56 | +33.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Middletown Township in April 2024, up by 33.3% month-over-month. Of the 56 sold homes, 34% were sold under asking, 11% were sold at asking, and 55% were sold over asking.
Days on Market for Middletown Township, NJ
How long does it take to sell a home in Middletown Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 31 Days | +13.6% |
Summary: Homes in Middletown Township had an average of 31 days on market in Apr 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 56 homes were sold in Middletown Township; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.