Is Port Murray, 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, Port Murray has remained a Seller's Market.
Key Takeaway
Port Murray is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Murray, NJ
How much do homes in Port Murray, NJ cost?
Median Sold Price
$390,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Port Murray have sold for 10.1% less than they did a year ago.
Summary: The median home sold price in Port Murray was $390,000 in May 2024, down 10.1% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $330K | +26.9% |
| 3 Bedrooms | $372.5K | $387.2K | +4.0% |
| 4 Bedrooms | $525K | $560K | +6.7% |
| 5+ Bedrooms | $882.5K | - | N/A |
Summary: Port Murray 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 26.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mansfield Township | $339.9K | $390K | +14.7% |
| Washington Township | $331K | $375K | +13.3% |
| Lebanon Township | $565K | $617.5K | +9.3% |
| Port Murray | $434K | $390K | -10.1% |
| Oxford | $332.5K | $270K | -18.8% |
Housing Supply in Port Murray, NJ
How many homes are available in Port Murray, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Port Murray real estate market had 14 homes for sale in May 2024, a 7.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Port Murray 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Murray, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Port Murray in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Port Murray, NJ
We’re sorry, we don't have information for this market at the moment
