Is Sayreville, 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, Sayreville has remained a Seller's Market.
Housing Prices in Sayreville, NJ
How much do homes in Sayreville, NJ cost?
Median Sold Price
$450,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sayreville was $450,000 in May 2024, up 8.3% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $260.5K | +10.9% |
2 Bedrooms | $338K | $355K | +5.0% |
3 Bedrooms | $410K | $451K | +10.0% |
4 Bedrooms | $535K | $565K | +5.6% |
5+ Bedrooms | $617.5K | $700K | +13.4% |
Summary: Sayreville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
South Amboy | $415.2K | $455K | +9.6% |
Sayreville | $415.6K | $450K | +8.3% |
Parlin | $421.5K | $448K | +6.3% |
South River | $412.5K | $437.5K | +6.1% |
Housing Supply in Sayreville, NJ
How many homes are available in Sayreville, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 146 | +21.7% |
Summary: The Sayreville real estate market had 146 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 26 | 26 | 0.0% |
3 Bedrooms | 40 | 52 | +30.0% |
4 Bedrooms | 32 | 43 | +34.4% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Sayreville 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 remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Sayreville in May 2024, up by 66.7% month-over-month. Of the 25 sold homes, 20% were sold under asking, 16% were sold at asking, and 64% were sold over asking.
Days on Market for Sayreville, NJ
How long does it take to sell a home in Sayreville, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 23 Days | -40.5% |
Summary: Homes in Sayreville had an average of 23 days on market in May 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Sayreville; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.