Is Rumson, 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, Rumson was a Buyer's Market.
Housing Prices in Rumson, NJ
How much do homes in Rumson, NJ cost?
Median Sold Price
$2,150,000
$581/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rumson was $2,150,000 in April 2024, up 24.6% from last year, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.2M | $615K | -51.0% |
3 Bedrooms | $920K | $1.4M | +52.2% |
4 Bedrooms | $1.5M | $1.8M | +22.6% |
5+ Bedrooms | $2.8M | $2.9M | +1.6% |
Summary: Rumson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51%, 3 bedroom homes increased by 52.2%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Rumson | $1.7M | $2.1M | +24.6% |
Fair Haven | $1.1M | $1.3M | +13.9% |
Monmouth Beach | $786.5K | $864.9K | +10.0% |
Sea Bright | $1.2M | $1.3M | +7.1% |
Housing Supply in Rumson, NJ
How many homes are available in Rumson, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 39 | -4.9% |
Summary: The Rumson real estate market had 39 homes for sale in April 2024, a 4.9% decrease 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 | 1 | 1 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The Rumson 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Rumson in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Rumson, NJ
How long does it take to sell a home in Rumson, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 42 Days | +310.8% |
Summary: Homes in Rumson had an average of 42 days on market in Apr 2024, up by 310.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Rumson; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.