Is Upper Freehold 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, Upper Freehold Township has remained a Seller's Market.
Housing Prices in Upper Freehold Township, NJ
How much do homes in Upper Freehold Township, NJ cost?
Median Sold Price
$720,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper Freehold Township was $720,000 in May 2024, up 5.1% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61.7K | $62.5K | +1.2% |
2 Bedrooms | $457.4K | $505K | +10.4% |
3 Bedrooms | $597.7K | $610K | +2.0% |
4 Bedrooms | $800K | $825K | +3.1% |
5+ Bedrooms | $840K | $1.1M | +36.9% |
Summary: Upper Freehold Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 36.9%.
Median Sold Price Compared To Nearby Cities
Robbinsville Township | $460K | $567.5K | +23.4% |
Millstone Township | $760K | $885.4K | +16.5% |
Upper Freehold Township | $685K | $720K | +5.1% |
Allentown | $581.5K | $550K | -5.4% |
Housing Supply in Upper Freehold Township, NJ
How many homes are available in Upper Freehold Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 40 | +25.0% |
Summary: The Upper Freehold Township real estate market had 40 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Upper Freehold Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Upper Freehold Township in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Upper Freehold Township, NJ
How long does it take to sell a home in Upper Freehold Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 26 Days | -41.6% |
Summary: Homes in Upper Freehold Township had an average of 26 days on market in May 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Upper Freehold Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.