Is Middletown 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, Middletown Township has remained a Seller's Market.
Housing Prices in Middletown Township, NJ
How much do homes in Middletown Township, NJ cost?
Median Sold Price
$590,666
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Middletown Township was $590,666 in May 2024, up 5.1% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250.9K | $314K | +25.1% |
2 Bedrooms | $362.4K | $399K | +10.1% |
3 Bedrooms | $530K | $572.5K | +8.0% |
4 Bedrooms | $689.3K | $749.4K | +8.7% |
5+ Bedrooms | $895K | $908.5K | +1.5% |
Summary: Middletown Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
Red Bank | $487.5K | $550K | +12.8% |
Fair Haven | $1.1M | $1.2M | +8.6% |
Middletown | $566.7K | $600K | +5.9% |
Middletown Township | $561.9K | $590.6K | +5.1% |
Lincroft | $815K | $825K | +1.2% |
Housing Supply in Middletown Township, NJ
How many homes are available in Middletown Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
221 | 210 | -5.0% |
Summary: The Middletown Township real estate market had 210 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 45 | 40 | -11.1% |
3 Bedrooms | 65 | 64 | -1.5% |
4 Bedrooms | 74 | 67 | -9.5% |
5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The Middletown 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 11.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 52 | -11.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Middletown Township in May 2024, down by 11.9% month-over-month. Of the 52 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Middletown Township, NJ
How long does it take to sell a home in Middletown Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 18 Days | -49.3% |
Summary: Homes in Middletown Township had an average of 18 days on market in May 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in Middletown Township; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.