Is West Long Branch, 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, West Long Branch was a Seller's Market.
Housing Prices in West Long Branch, NJ
How much do homes in West Long Branch, NJ cost?
Median Sold Price
$780,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Long Branch was $780,000 in May 2024, down 4.3% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $455K | $560K | +23.1% |
3 Bedrooms | $750K | $680K | -9.3% |
4 Bedrooms | $872.5K | $925K | +6.0% |
5+ Bedrooms | $1.6M | $1.2M | -22.5% |
Summary: West Long Branch 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 23.1%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Cities
Long Branch | $745K | $760K | +2.0% |
Ocean Township | $700K | $697.5K | -0.4% |
Eatontown | $470K | $462.8K | -1.5% |
Oceanport | $782.5K | $750K | -4.2% |
West Long Branch | $815K | $780K | -4.3% |
Housing Supply in West Long Branch, NJ
How many homes are available in West Long Branch, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Summary: The West Long Branch real estate market had 35 homes for sale in May 2024, a 40.0% increase 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 | 4 | 2 | -50.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 8 | 14 | +75.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The West Long Branch 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 50%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in West Long Branch in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for West Long Branch, NJ
How long does it take to sell a home in West Long Branch, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 38 Days | +43.0% |
Summary: Homes in West Long Branch had an average of 38 days on market in May 2024, up by 43% compared to last year.
Breakdown of Home Sale Times
2 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, 3 homes were sold in West Long Branch; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.