Is Manville, 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, Manville was a Neutral Market.
Key Takeaway
Manville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manville, NJ
How much do homes in Manville, NJ cost?
Median Sold Price
$420,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Manville have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Manville was $420,000 in May 2024, up 13.5% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $342.3K | +3.8% |
| 3 Bedrooms | $370K | $425.5K | +15.0% |
| 4 Bedrooms | $388.5K | $418.5K | +7.7% |
| 5+ Bedrooms | $410K | $467.5K | +14.0% |
Summary: Manville 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 increased by 3.8%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Manville | $370K | $420K | +13.5% |
| Bridgewater | $547.9K | $620K | +13.1% |
| Bridgewater Township | $550.7K | $620K | +12.6% |
| Somerset | $450K | $499K | +10.9% |
| Hillsborough | $490K | $528.7K | +7.9% |
Housing Supply in Manville, NJ
How many homes are available in Manville, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 56 | +12.0% |
Summary: The Manville real estate market had 56 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Manville 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 increased by 60%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manville, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Manville in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for Manville, NJ
How long does it take to sell a home in Manville, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 366 Days | 9 Days | -97.5% |
Summary: Homes in Manville had an average of 9 days on market in May 2024, down by 97.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Manville; 9% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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