Is Marlboro 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, Marlboro Township has remained a Seller's Market.
Housing Prices in Marlboro Township, NJ
How much do homes in Marlboro Township, NJ cost?
Median Sold Price
$760,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marlboro Township was $760,000 in May 2024, up 7.1% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240.5K | $240K | -0.2% |
2 Bedrooms | $400K | $484.5K | +21.1% |
3 Bedrooms | $550K | $648K | +17.8% |
4 Bedrooms | $760K | $785K | +3.3% |
5+ Bedrooms | $960K | $1.1M | +15.6% |
Summary: Marlboro Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
Marlboro Township | $709.5K | $760K | +7.1% |
Morganville | $711K | $760K | +6.9% |
Holmdel | $855K | $912.5K | +6.7% |
Holmdel Township | $855K | $900K | +5.3% |
Marlboro | $743.5K | $765K | +2.9% |
Housing Supply in Marlboro Township, NJ
How many homes are available in Marlboro Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
119 | 133 | +11.8% |
Summary: The Marlboro Township real estate market had 133 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 20 | +33.3% |
3 Bedrooms | 32 | 32 | 0.0% |
4 Bedrooms | 32 | 42 | +31.3% |
5+ Bedrooms | 39 | 38 | -2.6% |
Summary: The Marlboro Township 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 31 | +29.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Marlboro Township in May 2024, up by 29.2% month-over-month. Of the 31 sold homes, 13% were sold under asking, 19% were sold at asking, and 68% were sold over asking.
Days on Market for Marlboro Township, NJ
How long does it take to sell a home in Marlboro Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 26 Days | +28.1% |
Summary: Homes in Marlboro Township had an average of 26 days on market in May 2024, up by 28.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Marlboro Township; 87% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.