Is Jackson Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jackson Township has remained a Seller's Market.
Housing Prices in Jackson Township, NJ
How much do homes in Jackson Township, NJ cost?
Median Sold Price
$540,100
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jackson Township was $540,100 in April 2024, up 0.8% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $201.9K | $220.5K | +9.2% |
2 Bedrooms | $303.9K | $344K | +13.2% |
3 Bedrooms | $510.6K | $520.5K | +1.9% |
4 Bedrooms | $684K | $675.6K | -1.2% |
5+ Bedrooms | $820K | $815K | -0.6% |
Summary: Jackson Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Howell Township | $549K | $585K | +6.6% |
Howell | $550K | $583.1K | +6.0% |
Jackson Township | $535.7K | $540.1K | +0.8% |
Jackson | $536K | $540K | +0.8% |
Lakewood Township | $342.6K | $313.9K | -8.4% |
Housing Supply in Jackson Township, NJ
How many homes are available in Jackson Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
306 | 290 | -5.2% |
Summary: The Jackson Township real estate market had 290 homes for sale in April 2024, a 5.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 82 | 83 | +1.2% |
3 Bedrooms | 88 | 88 | 0.0% |
4 Bedrooms | 95 | 84 | -11.6% |
5+ Bedrooms | 38 | 32 | -15.8% |
Summary: The Jackson Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 57 | -10.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Jackson Township in April 2024, down by 10.9% month-over-month. Of the 57 sold homes, 51% were sold under asking, 16% were sold at asking, and 33% were sold over asking.
Days on Market for Jackson Township, NJ
How long does it take to sell a home in Jackson Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 41 Days | -6.0% |
Summary: Homes in Jackson Township had an average of 41 days on market in Apr 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in Jackson Township; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.