Is Eatontown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Eatontown was a Neutral Market.
Key Takeaway
Eatontown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eatontown, NJ
How much do homes in Eatontown, NJ cost?
Median Sold Price
$462,800
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Eatontown have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Eatontown was $462,800 in May 2024, down 1.5% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115.5K | $149K | +29.0% |
| 2 Bedrooms | $370K | $275K | -25.7% |
| 3 Bedrooms | $545K | $604.1K | +10.9% |
| 4 Bedrooms | $615K | $652.5K | +6.1% |
| 5+ Bedrooms | $900K | $735K | -18.3% |
Summary: Eatontown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Shrewsbury | $677.5K | $895K | +32.1% |
| Eatontown | $470K | $462.8K | -1.5% |
| Oceanport | $782.5K | $750K | -4.2% |
| West Long Branch | $815K | $780K | -4.3% |
Housing Supply in Eatontown, NJ
How many homes are available in Eatontown, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 37 | -33.9% |
Summary: The Eatontown real estate market had 37 homes for sale in May 2024, a 33.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 17 | 11 | -35.3% |
| 4 Bedrooms | 17 | 7 | -58.8% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Eatontown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes decreased by 58.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eatontown, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Eatontown in May 2024, up by 25.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% were sold over asking.
Days on Market for Eatontown, NJ
How long does it take to sell a home in Eatontown, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +38.4% |
Summary: Homes in Eatontown had an average of 23 days on market in May 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Eatontown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Eatontown; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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.