Is Colts Neck 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, Colts Neck Township has remained a Buyer's Market.
Housing Prices in Colts Neck Township, NJ
How much do homes in Colts Neck Township, NJ cost?
Median Sold Price
$1,237,500
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Colts Neck Township was $1,237,500 in May 2024, up 3.1% 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 | +5.8% |
Summary: Colts Neck 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 did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 5.8%.
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 Township, NJ
How many homes are available in Colts Neck Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 58 | -1.7% |
Summary: The Colts Neck Township 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 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 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
Summary: A total of 4 homes were sold or pending in Colts Neck Township 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 Township, NJ
How long does it take to sell a home in Colts Neck Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 65 Days | +41.3% |
Summary: Homes in Colts Neck Township 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
Summary: During May 2024, 4 homes were sold in Colts Neck Township; 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.