Is New Egypt, 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, New Egypt has remained a Buyer's Market.
Housing Prices in New Egypt, NJ
How much do homes in New Egypt, NJ cost?
Median Sold Price
$449,990
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Egypt was $449,990 in May 2024, up 5.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $150K | +17.6% |
2 Bedrooms | $236.2K | $330K | +39.7% |
3 Bedrooms | $405K | $429.9K | +6.2% |
4 Bedrooms | $575K | $670K | +16.5% |
5+ Bedrooms | $535K | $825K | +54.2% |
Summary: New Egypt housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 39.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 54.2%.
Median Sold Price Compared To Nearby Cities
New Egypt | $425K | $449.9K | +5.9% |
Plumsted Township | $425K | $449.9K | +5.9% |
Cream Ridge | $585K | $597.5K | +2.1% |
Housing Supply in New Egypt, NJ
How many homes are available in New Egypt, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 50 | +16.3% |
Summary: The New Egypt real estate market had 50 homes for sale in May 2024, a 16.3% 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 | 6 | 3 | -50.0% |
3 Bedrooms | 14 | 21 | +50.0% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The New Egypt 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 decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 6 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in New Egypt in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for New Egypt, NJ
How long does it take to sell a home in New Egypt, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 20 Days | -18.9% |
Summary: Homes in New Egypt had an average of 20 days on market in May 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in New Egypt; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.