Is Upper Freehold 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, Upper Freehold Township has remained a Seller's Market.
Housing Prices in Upper Freehold Township, NJ
How much do homes in Upper Freehold Township, NJ cost?
Median Sold Price
$675,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper Freehold Township was $675,000 in April 2024, down 4.3% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61K | $65K | +6.6% |
2 Bedrooms | $452K | $507.5K | +12.3% |
3 Bedrooms | $600K | $610K | +1.7% |
4 Bedrooms | $800K | $825K | +3.1% |
5+ Bedrooms | $850K | $1.1M | +35.3% |
Summary: Upper Freehold Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 35.3%.
Median Sold Price Compared To Nearby Cities
Robbinsville Township | $454.9K | $567.5K | +24.7% |
Millstone Township | $760K | $876K | +15.3% |
Upper Freehold Township | $705K | $675K | -4.3% |
Allentown | $590K | $530K | -10.2% |
Housing Supply in Upper Freehold Township, NJ
How many homes are available in Upper Freehold Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 28 | +40.0% |
Summary: The Upper Freehold Township real estate market had 28 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Upper Freehold Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Upper Freehold Township in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Upper Freehold Township, NJ
How long does it take to sell a home in Upper Freehold Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 54 Days | +18.4% |
Summary: Homes in Upper Freehold Township had an average of 54 days on market in Apr 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Upper Freehold Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.