Is Jackson, 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, Jackson has remained a Seller's Market.
Housing Prices in Jackson, NJ
How much do homes in Jackson, NJ cost?
Median Sold Price
$547,207
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jackson was $547,207 in May 2024, up 2.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $221K | +13.3% |
2 Bedrooms | $310K | $344K | +11.0% |
3 Bedrooms | $510K | $530K | +3.9% |
4 Bedrooms | $680K | $686.2K | +0.9% |
5+ Bedrooms | $815K | $850K | +4.3% |
Summary: Jackson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Howell Township | $549.9K | $585.1K | +6.4% |
New Egypt | $425K | $449.9K | +5.9% |
Manchester Township | $234.8K | $246.1K | +4.8% |
Jackson Township | $531K | $547.9K | +3.2% |
Jackson | $533K | $547.2K | +2.7% |
Housing Supply in Jackson, NJ
How many homes are available in Jackson, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
310 | 304 | -1.9% |
Summary: The Jackson real estate market had 304 homes for sale in May 2024, a 1.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 85 | 70 | -17.6% |
3 Bedrooms | 99 | 95 | -4.0% |
4 Bedrooms | 90 | 92 | +2.2% |
5+ Bedrooms | 33 | 40 | +21.2% |
Summary: The Jackson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 70 | +16.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Jackson in May 2024, up by 16.7% month-over-month. Of the 70 sold homes, 39% were sold under asking, 14% were sold at asking, and 47% were sold over asking.
Days on Market for Jackson, NJ
How long does it take to sell a home in Jackson, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 36 Days | +5.6% |
Summary: Homes in Jackson had an average of 36 days on market in May 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 70 homes were sold in Jackson; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.