Is Manchester 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, Manchester Township has remained a Seller's Market.
Housing Prices in Manchester Township, NJ
How much do homes in Manchester Township, NJ cost?
Median Sold Price
$245,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manchester Township was $245,000 in April 2024, up 2.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71K | $80K | +12.7% |
2 Bedrooms | $204.4K | $236.6K | +15.7% |
3 Bedrooms | $450K | $480K | +6.7% |
4 Bedrooms | $600K | $650K | +8.3% |
5+ Bedrooms | $665K | $785K | +18.0% |
Summary: Manchester Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
Lakehurst | $290K | $319.9K | +10.3% |
Toms River | $355.3K | $368.5K | +3.7% |
Toms River Township | $369.9K | $379.9K | +2.7% |
Manchester Township | $239.3K | $245K | +2.4% |
Jackson | $536K | $540K | +0.8% |
Housing Supply in Manchester Township, NJ
How many homes are available in Manchester Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
351 | 379 | +8.0% |
Summary: The Manchester Township real estate market had 379 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 31 | +24.0% |
2 Bedrooms | 261 | 287 | +10.0% |
3 Bedrooms | 41 | 38 | -7.3% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Manchester Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 82 | -2.4% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Manchester Township in April 2024, down by 2.4% month-over-month. Of the 82 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% were sold over asking.
Days on Market for Manchester Township, NJ
How long does it take to sell a home in Manchester Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 46 Days | +1.2% |
Summary: Homes in Manchester Township had an average of 46 days on market in Apr 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 82 homes were sold in Manchester Township; 56% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.