Is Lacey 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, Lacey Township has remained a Seller's Market.
Housing Prices in Lacey Township, NJ
How much do homes in Lacey Township, NJ cost?
Median Sold Price
$450,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lacey Township was $450,000 in May 2024, up 12.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | - | N/A |
2 Bedrooms | $310.5K | $338.5K | +9.0% |
3 Bedrooms | $375K | $430K | +14.7% |
4 Bedrooms | $550K | $567.5K | +3.2% |
5+ Bedrooms | $575K | $725K | +26.1% |
Summary: Lacey Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Cities
Bayville | $424K | $503.7K | +18.8% |
Lanoka Harbor | $460K | $530K | +15.2% |
Forked River | $386.2K | $441K | +14.2% |
Lacey Township | $398.6K | $450K | +12.9% |
Berkeley Township | $315K | $336.5K | +6.8% |
Housing Supply in Lacey Township, NJ
How many homes are available in Lacey Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
161 | 170 | +5.6% |
Summary: The Lacey Township real estate market had 170 homes for sale in May 2024, a 5.6% 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 | 26 | 33 | +26.9% |
3 Bedrooms | 63 | 62 | -1.6% |
4 Bedrooms | 52 | 52 | 0.0% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Lacey 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 increased by 26.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 43 | +43.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Lacey Township in May 2024, up by 43.3% month-over-month. Of the 43 sold homes, 40% were sold under asking, 9% were sold at asking, and 51% were sold over asking.
Days on Market for Lacey Township, NJ
How long does it take to sell a home in Lacey Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 31 Days | -11.6% |
Summary: Homes in Lacey Township had an average of 31 days on market in May 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in Lacey Township; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.