Is Keyport, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Keyport has remained a Seller's Market.
Housing Prices in Keyport, NJ
How much do homes in Keyport, NJ cost?
Median Sold Price
$455,280
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Keyport was $455,280 in May 2024, up 18.3% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $279K | +69.1% |
2 Bedrooms | $332.5K | $360K | +8.3% |
3 Bedrooms | $399K | $465K | +16.5% |
4 Bedrooms | $430K | $569.9K | +32.5% |
5+ Bedrooms | $493.5K | $475K | -3.8% |
Summary: Keyport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
Keyport | $385K | $455.2K | +18.3% |
Hazlet Township | $440K | $497K | +13.0% |
Hazlet | $465K | $525K | +12.9% |
Aberdeen Township | $444.6K | $495.7K | +11.5% |
Union Beach | $430K | $463K | +7.7% |
Housing Supply in Keyport, NJ
How many homes are available in Keyport, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 74 | +12.1% |
Summary: The Keyport real estate market had 74 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Keyport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 20 | +81.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Keyport in May 2024, up by 81.8% month-over-month. Of the 20 sold homes, 15% were sold under asking, 10% were sold at asking, and 75% were sold over asking.
Days on Market for Keyport, NJ
How long does it take to sell a home in Keyport, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 34 Days | -30.9% |
Summary: Homes in Keyport had an average of 34 days on market in May 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Keyport; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.