Is Bass River Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bass River Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bass River Township has remained a Seller's Market.

Key Takeaway

Bass River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bass River Township, NJ

How much do homes in Bass River Township, NJ cost?

Median Sold Price

$295,000

$210/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$15,000(-4.8%)

Key Takeaway

Homes in Bass River Township have sold for 4.8% less than they did a month ago.

Summary: The median home sold price in Bass River Township was $295,000 in October 2024, down 4.8% from last month, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$295K
N/A
3 $310K-
N/A
4 --
N/A
5+ --
N/A

Summary: Bass River Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bass River Township
-4.8%
Port Republic
-48.7%

Housing Supply in Bass River Township, NJ

How many homes are available in Bass River Township, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
810+25.0%

Summary: The Bass River Township real estate market had 10 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 55
0.0%
4 00
0.0%
5+ 13
+200.0%

Summary: The Bass River Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bass River Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Bass River Township in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Bass River Township, NJ

How long does it take to sell a home in Bass River Township, NJ?

Average Sale Time

Sep 2024Oct 2024CHANGE
18 Days12 Days-33.3%

Summary: Homes in Bass River Township had an average of 12 days on market in Oct 2024, down by 33.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bass River Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Bass River Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Bass River Township, NJ

Nearby Markets to Bass River Township, NJ

What housing markets are near Bass River Township, NJ?