Is Tinton Falls, 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, Tinton Falls has remained a Seller's Market.
Housing Prices in Tinton Falls, NJ
How much do homes in Tinton Falls, NJ cost?
Median Sold Price
$485,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tinton Falls was $485,000 in May 2024, up 12.8% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $305.4K | +9.1% |
2 Bedrooms | $387K | $415K | +7.2% |
3 Bedrooms | $532.5K | $561K | +5.3% |
4 Bedrooms | $639K | $765K | +19.7% |
5+ Bedrooms | $857K | $1.1M | +31.5% |
Summary: Tinton Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 31.5%.
Median Sold Price Compared To Nearby Cities
Shrewsbury Township | $652K | $750K | +15.0% |
Tinton Falls | $430K | $485K | +12.8% |
Colts Neck | $1.1M | $1.2M | +4.2% |
Ocean Township | $700K | $697.5K | -0.4% |
Eatontown | $470K | $462.8K | -1.5% |
Housing Supply in Tinton Falls, NJ
How many homes are available in Tinton Falls, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
69 | 65 | -5.8% |
Summary: The Tinton Falls real estate market had 65 homes for sale in May 2024, a 5.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 2 | -66.7% |
2 Bedrooms | 23 | 28 | +21.7% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 19 | 12 | -36.8% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Tinton Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 21.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 36.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Tinton Falls in May 2024, up by 56.3% month-over-month. Of the 25 sold homes, 16% were sold under asking, 0% were sold at asking, and 84% were sold over asking.
Days on Market for Tinton Falls, NJ
How long does it take to sell a home in Tinton Falls, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 16 Days | +36.6% |
Summary: Homes in Tinton Falls had an average of 16 days on market in May 2024, up by 36.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Tinton Falls; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.