Is Holmdel Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Holmdel Township was a Neutral Market.
Housing Prices in Holmdel Township, NJ
How much do homes in Holmdel Township, NJ cost?
Median Sold Price
$900,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Holmdel Township was $900,000 in May 2024, up 5.3% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $96.9K | -64.1% |
2 Bedrooms | $565K | $525K | -7.1% |
3 Bedrooms | $592.5K | $680K | +14.8% |
4 Bedrooms | $872.5K | $1.0M | +21.2% |
5+ Bedrooms | $1.3M | $1.3M | 0.3% |
Summary: Holmdel Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.1%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Marlboro Township | $709.5K | $760K | +7.1% |
Holmdel | $855K | $912.5K | +6.7% |
Holmdel Township | $855K | $900K | +5.3% |
Colts Neck Township | $1.2M | $1.2M | +3.1% |
Lincroft | $815K | $825K | +1.2% |
Housing Supply in Holmdel Township, NJ
How many homes are available in Holmdel Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 64 | -17.9% |
Summary: The Holmdel Township real estate market had 64 homes for sale in May 2024, a 17.9% decrease 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 | 8 | 7 | -12.5% |
3 Bedrooms | 25 | 21 | -16.0% |
4 Bedrooms | 20 | 14 | -30.0% |
5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The Holmdel 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 12.5%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 12 | -45.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Holmdel Township in May 2024, down by 45.5% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for Holmdel Township, NJ
How long does it take to sell a home in Holmdel Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 34 Days | +168.0% |
Summary: Homes in Holmdel Township had an average of 34 days on market in May 2024, up by 168% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Holmdel Township; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.