Is Colts Neck, 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, Colts Neck has remained a Buyer's Market.
Key Takeaway
Colts Neck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Colts Neck, NJ
How much do homes in Colts Neck, NJ cost?
Median Sold Price
$1,237,500
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Colts Neck have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Colts Neck was $1,237,500 in May 2024, up 4.2% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $840K | N/A |
| 3 Bedrooms | $817.4K | $792.5K | -3.1% |
| 4 Bedrooms | $970K | $1.1M | +13.4% |
| 5+ Bedrooms | $1.6M | $1.7M | +7.5% |
Summary: Colts Neck 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 did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Tinton Falls | $430K | $485K | +12.8% |
| Holmdel Township | $855K | $900K | +5.3% |
| Colts Neck | $1.1M | $1.2M | +4.2% |
| Colts Neck Township | $1.2M | $1.2M | +3.1% |
| Lincroft | $815K | $825K | +1.2% |
Housing Supply in Colts Neck, NJ
How many homes are available in Colts Neck, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 58 | -1.7% |
Summary: The Colts Neck real estate market had 58 homes for sale in May 2024, a 1.7% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The Colts Neck 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 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Colts Neck, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Colts Neck in May 2024, down by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Colts Neck, NJ
How long does it take to sell a home in Colts Neck, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 65 Days | +41.3% |
Summary: Homes in Colts Neck had an average of 65 days on market in May 2024, up by 41.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Colts Neck are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Colts Neck; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.