Is Parlin, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Parlin was a Seller's Market.
Housing Prices in Parlin, NJ
How much do homes in Parlin, NJ cost?
Median Sold Price
$435,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Parlin was $435,000 in April 2024, up 3.6% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $241.7K | $260.5K | +7.8% |
2 Bedrooms | $310K | $345K | +11.3% |
3 Bedrooms | $410K | $450K | +9.8% |
4 Bedrooms | $525K | $550K | +4.8% |
5+ Bedrooms | $575K | $675K | +17.4% |
Summary: Parlin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
Old Bridge | $499.9K | $556.3K | +11.3% |
Old Bridge Township | $459K | $510K | +11.1% |
Sayreville | $415.6K | $450K | +8.3% |
Matawan | $464.5K | $493.7K | +6.3% |
Parlin | $420K | $435K | +3.6% |
Housing Supply in Parlin, NJ
How many homes are available in Parlin, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 55 | +27.9% |
Summary: The Parlin real estate market had 55 homes for sale in April 2024, a 27.9% 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 | 12 | 8 | -33.3% |
3 Bedrooms | 17 | 21 | +23.5% |
4 Bedrooms | 5 | 14 | +180.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Parlin 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 33.3%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 180%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Parlin in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Parlin, NJ
How long does it take to sell a home in Parlin, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 11 Days | -76.0% |
Summary: Homes in Parlin had an average of 11 days on market in Apr 2024, down by 76% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Parlin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.