Is Plumsted 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, Plumsted Township has remained a Seller's Market.
Key Takeaway
Plumsted Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plumsted Township, NJ
How much do homes in Plumsted Township, NJ cost?
Median Sold Price
$430,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Plumsted Township have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Plumsted Township was $430,000 in April 2024, up 1.2% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $150K | +17.6% |
| 2 Bedrooms | $240K | $316K | +31.7% |
| 3 Bedrooms | $400.9K | $428.9K | +7.0% |
| 4 Bedrooms | $584.9K | $670K | +14.5% |
| 5+ Bedrooms | $744K | $540K | -27.4% |
Summary: Plumsted Township 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 31.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 14.5%, 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% |
| Jackson | $536K | $540K | +0.8% |
| Upper Freehold Township | $705K | $675K | -4.3% |
Housing Supply in Plumsted Township, NJ
How many homes are available in Plumsted Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 50 | +22.0% |
Summary: The Plumsted Township real estate market had 50 homes for sale in April 2024, a 22.0% 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 | 21 | 16 | -23.8% |
| 4 Bedrooms | 15 | 24 | +60.0% |
| 5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The Plumsted 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 increased by 20%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Plumsted Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Plumsted Township in April 2024, up by 100.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 43% were sold at asking, and 7% were sold over asking.
Days on Market for Plumsted Township, NJ
How long does it take to sell a home in Plumsted Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 34 Days | -10.2% |
Summary: Homes in Plumsted Township had an average of 34 days on market in Apr 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plumsted Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Plumsted Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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.