Is New Egypt, 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, New Egypt has remained a Seller's Market.
Housing Prices in New Egypt, NJ
How much do homes in New Egypt, NJ cost?
Median Sold Price
$440,990
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Egypt was $440,990 in April 2024, up 1.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $150K | +17.6% |
2 Bedrooms | $240K | $327.5K | +36.5% |
3 Bedrooms | $405K | $427.9K | +5.7% |
4 Bedrooms | $577.5K | $651K | +12.7% |
5+ Bedrooms | $744K | $540K | -27.4% |
Summary: New Egypt housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 36.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 27.4%.
Median Sold Price Compared To Nearby Cities
Cream Ridge | $585K | $710K | +21.4% |
Plumsted Township | $425K | $430K | +1.2% |
New Egypt | $436K | $440.9K | +1.1% |
Housing Supply in New Egypt, NJ
How many homes are available in New Egypt, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 42 | +23.5% |
Summary: The New Egypt real estate market had 42 homes for sale in April 2024, a 23.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 17 | 12 | -29.4% |
4 Bedrooms | 12 | 20 | +66.7% |
5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The New Egypt 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 increased by 20%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in New Egypt in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% were sold over asking.
Days on Market for New Egypt, NJ
How long does it take to sell a home in New Egypt, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 20 Days | -45.6% |
Summary: Homes in New Egypt had an average of 20 days on market in Apr 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in New Egypt; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.