Is Tinton Falls, 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, Tinton Falls has remained a Seller's Market.
Housing Prices in Tinton Falls, NJ
How much do homes in Tinton Falls, NJ cost?
Median Sold Price
$485,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tinton Falls was $485,000 in April 2024, up 12.8% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $281.4K | $305K | +8.3% |
2 Bedrooms | $390K | $415K | +6.4% |
3 Bedrooms | $540K | $545K | +0.9% |
4 Bedrooms | $625K | $767.5K | +22.8% |
5+ Bedrooms | $836K | $1.0M | +28.9% |
Summary: Tinton Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Cities
Shrewsbury Township | $650.5K | $760K | +16.8% |
Tinton Falls | $430K | $485K | +12.8% |
Eatontown | $465K | $480.7K | +3.4% |
Colts Neck | $1.1M | $1.2M | +3.4% |
Ocean Township | $703.3K | $692.6K | -1.5% |
Housing Supply in Tinton Falls, NJ
How many homes are available in Tinton Falls, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 58 | +7.4% |
Summary: The Tinton Falls real estate market had 58 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Tinton Falls 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 11.1%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Tinton Falls in April 2024, the same as the previous month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for Tinton Falls, NJ
How long does it take to sell a home in Tinton Falls, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 26 Days | +42.7% |
Summary: Homes in Tinton Falls had an average of 26 days on market in Apr 2024, up by 42.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Tinton Falls; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.