Is Old Bridge 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, Old Bridge Township was a Seller's Market.
Key Takeaway
Old Bridge Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Old Bridge Township, NJ
How much do homes in Old Bridge Township, NJ cost?
Median Sold Price
$510,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Old Bridge Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Old Bridge Township was $510,000 in April 2024, up 11.1% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $250K | +25.0% |
| 2 Bedrooms | $350K | $360K | +2.9% |
| 3 Bedrooms | $465.8K | $511K | +9.7% |
| 4 Bedrooms | $584.9K | $660K | +12.8% |
| 5+ Bedrooms | $680K | $735K | +8.1% |
Summary: Old Bridge Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Spotswood | $395K | $444.6K | +12.6% |
| Old Bridge | $499.9K | $556.3K | +11.3% |
| Old Bridge Township | $459K | $510K | +11.1% |
| Matawan | $464.5K | $493.7K | +6.3% |
| Morganville | $725K | $760K | +4.8% |
Housing Supply in Old Bridge Township, NJ
How many homes are available in Old Bridge Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 179 | 209 | +16.8% |
Summary: The Old Bridge Township real estate market had 209 homes for sale in April 2024, a 16.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 41 | 39 | -4.9% |
| 3 Bedrooms | 61 | 71 | +16.4% |
| 4 Bedrooms | 51 | 70 | +37.3% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Old Bridge Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 30 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Bridge Township, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Old Bridge Township in April 2024, down by 33.3% month-over-month. Of the 30 sold homes, 23% were sold under asking, 7% were sold at asking, and 70% were sold over asking.
Days on Market for Old Bridge Township, NJ
How long does it take to sell a home in Old Bridge Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 30 Days | -33.8% |
Summary: Homes in Old Bridge Township had an average of 30 days on market in Apr 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Bridge Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in Old Bridge Township; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.