Is Brick, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brick is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Brick has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Brick, NJ

How much do homes in Brick, NJ cost?

Median Sold Price

$450,000

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,075(+12.5%)

Key Takeaway

Homes in Brick have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Brick was $450,000 in October 2024, up 12.5% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$246.5K
+23.3%
2 $305K$335K
+9.8%
3 $450K$480.2K
+6.7%
4 $575K$639.5K
+11.2%
5+ $650K$850K
+30.8%

Summary: Brick housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 30.8%.

Median Sold Price Compared To Nearby Cities

Point Pleasant
+17.3%
Brick Township
+13.3%
Brick
+12.5%
Brielle
+8.4%

Housing Supply in Brick, NJ

How many homes are available in Brick, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
363330-9.1%

Summary: The Brick real estate market had 330 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 58
+60.0%
2 121113
-6.6%
3 117107
-8.5%
4 8875
-14.8%
5+ 3227
-15.6%

Summary: The Brick housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 15.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
9591-4.2%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brick, you may be able to get a good deal. 39.6% of homes here sold below asking price last month.

Summary: A total of 91 homes were sold or pending in Brick in October 2024, down by 4.2% month-over-month. Of the 91 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.

Days on Market for Brick, NJ

How long does it take to sell a home in Brick, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days30 Days+27.0%

Summary: Homes in Brick had an average of 30 days on market in Oct 2024, up by 27% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 91 homes were sold in Brick; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 5% 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 Brick, NJ

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