Is Jackson 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, Jackson Township has remained a Seller's Market.
Housing Prices in Jackson Township, NJ
How much do homes in Jackson Township, NJ cost?
Median Sold Price
$547,985
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jackson Township was $547,985 in May 2024, up 3.2% 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 | $852K | +4.5% |
Summary: Jackson Township 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 4.5%.
Median Sold Price Compared To Nearby Cities
Howell | $550K | $586.1K | +6.6% |
Howell Township | $549.9K | $585.1K | +6.4% |
Jackson Township | $531K | $547.9K | +3.2% |
Jackson | $533K | $547.2K | +2.7% |
Lakewood Township | $346.6K | $315.3K | -9.0% |
Housing Supply in Jackson Township, NJ
How many homes are available in Jackson Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
311 | 306 | -1.6% |
Summary: The Jackson Township real estate market had 306 homes for sale in May 2024, a 1.6% 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 | 71 | -16.5% |
3 Bedrooms | 100 | 96 | -4.0% |
4 Bedrooms | 90 | 92 | +2.2% |
5+ Bedrooms | 33 | 40 | +21.2% |
Summary: The Jackson Township 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 16.5%, 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 Township 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 Township, NJ
How long does it take to sell a home in Jackson Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 36 Days | +5.6% |
Summary: Homes in Jackson Township 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 Township; 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.