Is Wall 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, Wall Township has remained a Seller's Market.
Housing Prices in Wall Township, NJ
How much do homes in Wall Township, NJ cost?
Median Sold Price
$763,500
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wall Township was $763,500 in April 2024, up 5.3% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.5K | $314K | -7.0% |
2 Bedrooms | $481.5K | $550K | +14.2% |
3 Bedrooms | $631K | $742.5K | +17.7% |
4 Bedrooms | $900K | $900K | 0.0% |
5+ Bedrooms | $1.1M | $1.2M | +9.7% |
Summary: Wall Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 17.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Neptune Township | $450K | $529K | +17.6% |
Belmar | $645K | $747.5K | +15.9% |
Neptune | $425.5K | $485K | +14.0% |
Lake Como | $620K | $660K | +6.5% |
Wall Township | $725K | $763.5K | +5.3% |
Housing Supply in Wall Township, NJ
How many homes are available in Wall Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 90 | +1.1% |
Summary: The Wall Township real estate market had 90 homes for sale in April 2024, a 1.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 34 | 31 | -8.8% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Wall Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Wall Township in April 2024, down by 3.8% month-over-month. Of the 25 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Wall Township, NJ
How long does it take to sell a home in Wall Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 26 Days | +7.7% |
Summary: Homes in Wall Township had an average of 26 days on market in Apr 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Wall Township; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.