Is Brick, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brick is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Brick has remained a Seller's Market.

Key Takeaway

Brick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brick, NJ

How much do homes in Brick, NJ cost?

Median Sold Price

$430,000

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$40,068(+10.3%)

Key Takeaway

Homes in Brick have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Brick was $430,000 in April 2024, up 10.3% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $200K$238.7K
+19.4%
2 $296.2K$325K
+9.7%
3 $430K$462K
+7.4%
4 $545K$600K
+10.1%
5+ $706K$675K
-4.4%

Summary: Brick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Cities

Brick
+10.3%
Brick Township
+10.3%
Point Pleasant
+6.2%
Brielle
+2.8%

Housing Supply in Brick, NJ

How many homes are available in Brick, NJ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
308316+2.6%

Summary: The Brick real estate market had 316 homes for sale in April 2024, a 2.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 65
-16.7%
2 120111
-7.5%
3 9992
-7.1%
4 7285
+18.1%
5+ 1123
+109.1%

Summary: The Brick housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 109.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7689+17.1%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brick, you could pay more than the asking price. 47.2% of homes here sold above asking price last month.

Summary: A total of 89 homes were sold or pending in Brick in April 2024, up by 17.1% month-over-month. Of the 89 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.

Days on Market for Brick, NJ

How long does it take to sell a home in Brick, NJ?

Average Sale Time

Apr 2023Apr 2024CHANGE
25 Days24 Days-5.2%

Summary: Homes in Brick had an average of 24 days on market in Apr 2024, down by 5.2% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brick are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 89 homes were sold in Brick; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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