Is Berkeley 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, Berkeley Township has remained a Seller's Market.
Housing Prices in Berkeley Township, NJ
How much do homes in Berkeley Township, NJ cost?
Median Sold Price
$335,416
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berkeley Township was $335,416 in April 2024, up 6.5% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $226K | $219K | -3.1% |
2 Bedrooms | $285K | $300K | +5.3% |
3 Bedrooms | $419K | $450K | +7.4% |
4 Bedrooms | $544.5K | $614.9K | +12.9% |
5+ Bedrooms | $665K | $662.5K | -0.4% |
Summary: Berkeley Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Ocean Gate | $341K | $425K | +24.6% |
Bayville | $425K | $496K | +16.7% |
Lacey Township | $395.8K | $450K | +13.7% |
Lanoka Harbor | $470K | $515K | +9.6% |
Berkeley Township | $315K | $335.4K | +6.5% |
Housing Supply in Berkeley Township, NJ
How many homes are available in Berkeley Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
393 | 357 | -9.2% |
Summary: The Berkeley Township real estate market had 357 homes for sale in April 2024, a 9.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 287 | 268 | -6.6% |
3 Bedrooms | 42 | 32 | -23.8% |
4 Bedrooms | 45 | 43 | -4.4% |
5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The Berkeley 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 decreased by 6.6%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 92 | -9.8% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Berkeley Township in April 2024, down by 9.8% month-over-month. Of the 92 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.
Days on Market for Berkeley Township, NJ
How long does it take to sell a home in Berkeley Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 28 Days | -36.3% |
Summary: Homes in Berkeley Township had an average of 28 days on market in Apr 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 92 homes were sold in Berkeley Township; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.