Is Matawan, 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, Matawan has remained a Seller's Market.
Housing Prices in Matawan, NJ
How much do homes in Matawan, NJ cost?
Median Sold Price
$507,700
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Matawan was $507,700 in May 2024, up 12.4% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $252K | +17.2% |
2 Bedrooms | $302.5K | $330K | +9.1% |
3 Bedrooms | $495K | $522.5K | +5.6% |
4 Bedrooms | $650K | $680K | +4.6% |
5+ Bedrooms | $630K | $725K | +15.1% |
Summary: Matawan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
Matawan | $451.5K | $507.7K | +12.4% |
Matawan | $451.3K | $505K | +11.9% |
Aberdeen Township | $444.6K | $495.7K | +11.5% |
Morganville | $711K | $760K | +6.9% |
Cliffwood | $445K | $426K | -4.3% |
Housing Supply in Matawan, NJ
How many homes are available in Matawan, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 113 | +6.6% |
Summary: The Matawan real estate market had 113 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 14 | -12.5% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 30 | 27 | -10.0% |
4 Bedrooms | 29 | 41 | +41.4% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Matawan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 36 | +56.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Matawan in May 2024, up by 56.5% month-over-month. Of the 36 sold homes, 6% were sold under asking, 28% were sold at asking, and 67% were sold over asking.
Days on Market for Matawan, NJ
How long does it take to sell a home in Matawan, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 27 Days | -2.6% |
Summary: Homes in Matawan had an average of 27 days on market in May 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Matawan; 78% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.