Is Plumsted Township, 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, Plumsted Township has remained a Buyer's Market.
Housing Prices in Plumsted Township, NJ
How much do homes in Plumsted Township, NJ cost?
Median Sold Price
$449,990
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plumsted Township was $449,990 in May 2024, up 5.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $150K | +17.6% |
2 Bedrooms | $236.2K | $320.5K | +35.7% |
3 Bedrooms | $404.9K | $440.9K | +8.9% |
4 Bedrooms | $575K | $682.5K | +18.7% |
5+ Bedrooms | $535K | $540K | +0.9% |
Summary: Plumsted Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
Plumsted Township | $425K | $449.9K | +5.9% |
New Egypt | $425K | $449.9K | +5.9% |
Upper Freehold Township | $685K | $720K | +5.1% |
Jackson | $533K | $547.2K | +2.7% |
Cream Ridge | $585K | $597.5K | +2.1% |
Housing Supply in Plumsted Township, NJ
How many homes are available in Plumsted Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 61 | +22.0% |
Summary: The Plumsted Township real estate market had 61 homes for sale in May 2024, a 22.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 18 | 26 | +44.4% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Plumsted Township 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 decreased by 50%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 7 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Plumsted Township in May 2024, down by 50.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Plumsted Township, NJ
How long does it take to sell a home in Plumsted Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 20 Days | -59.7% |
Summary: Homes in Plumsted Township had an average of 20 days on market in May 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Plumsted Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.