Is Freehold 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, Freehold Township has remained a Seller's Market.
Housing Prices in Freehold Township, NJ
How much do homes in Freehold Township, NJ cost?
Median Sold Price
$487,953
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Freehold Township was $487,953 in May 2024, up 12% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $221K | -1.8% |
2 Bedrooms | $335K | $375K | +11.9% |
3 Bedrooms | $440K | $480K | +9.1% |
4 Bedrooms | $683.5K | $750K | +9.7% |
5+ Bedrooms | $850K | $950K | +11.8% |
Summary: Freehold Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
Freehold Township | $435.7K | $487.9K | +12.0% |
Freehold | $435.4K | $485.7K | +11.5% |
Marlboro Township | $709.5K | $760K | +7.1% |
Marlboro | $743.5K | $765K | +2.9% |
Manalapan Township | $650K | $650K | 0.0% |
Housing Supply in Freehold Township, NJ
How many homes are available in Freehold Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
214 | 182 | -15.0% |
Summary: The Freehold Township real estate market had 182 homes for sale in May 2024, a 15.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 89 | 71 | -20.2% |
3 Bedrooms | 45 | 34 | -24.4% |
4 Bedrooms | 47 | 46 | -2.1% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Freehold Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 20.2%, 3 bedroom homes decreased by 24.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 51 | -8.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Freehold Township in May 2024, down by 8.9% month-over-month. Of the 51 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.
Days on Market for Freehold Township, NJ
How long does it take to sell a home in Freehold Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 32 Days | +94.1% |
Summary: Homes in Freehold Township had an average of 32 days on market in May 2024, up by 94.1% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 51 homes were sold in Freehold Township; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.