Is Brick 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, Brick Township has remained a Seller's Market.
Housing Prices in Brick Township, NJ
How much do homes in Brick Township, NJ cost?
Median Sold Price
$440,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brick Township was $440,000 in May 2024, up 11.4% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $245K | +22.5% |
2 Bedrooms | $297.4K | $325K | +9.2% |
3 Bedrooms | $426K | $470K | +10.3% |
4 Bedrooms | $550K | $600K | +9.1% |
5+ Bedrooms | $742.5K | $854.5K | +15.1% |
Summary: Brick Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
Brick | $390K | $434.9K | +11.5% |
Brick Township | $394.9K | $440K | +11.4% |
Brielle | $917K | $999.9K | +9.0% |
Point Pleasant | $559.9K | $601K | +7.3% |
Housing Supply in Brick Township, NJ
How many homes are available in Brick Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
364 | 369 | +1.4% |
Summary: The Brick Township real estate market had 369 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 118 | 112 | -5.1% |
3 Bedrooms | 107 | 108 | +0.9% |
4 Bedrooms | 99 | 99 | 0.0% |
5+ Bedrooms | 35 | 44 | +25.7% |
Summary: The Brick Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 87 | -9.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Brick Township in May 2024, down by 9.4% month-over-month. Of the 87 sold homes, 32% were sold under asking, 15% were sold at asking, and 53% were sold over asking.
Days on Market for Brick Township, NJ
How long does it take to sell a home in Brick Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 34 Days | +82.4% |
Summary: Homes in Brick Township had an average of 34 days on market in May 2024, up by 82.4% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 87 homes were sold in Brick Township; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.