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 November 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

$449,993

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,430(+10.4%)

Key Takeaway

Homes in Brick have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Brick was $449,993 in November 2024, up 10.4% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205.5K$257K
+25.0%
2 $310K$340K
+9.7%
3 $450K$485K
+7.8%
4 $585K$639.5K
+9.3%
5+ $642.5K$857K
+33.4%

Summary: Brick housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 33.4%.

Median Sold Price Compared To Nearby Cities

Brielle
+16.6%
Point Pleasant
+15.5%
Brick Township
+10.8%
Brick
+10.4%
Mantoloking
+10.4%

Housing Supply in Brick, NJ

How many homes are available in Brick, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
358312-12.8%

Summary: The Brick real estate market had 312 homes for sale in November 2024, a 12.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 85
-37.5%
2 127110
-13.4%
3 122104
-14.8%
4 7664
-15.8%
5+ 2529
+16.0%

Summary: The Brick housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9598+3.2%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

48 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brick, you could pay more than the asking price. 49% of homes here sold above asking price last month.

Summary: A total of 98 homes were sold or pending in Brick in November 2024, up by 3.2% month-over-month. Of the 98 sold homes, 39% were sold under asking, 12% were sold at asking, and 49% 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

Nov 2023Nov 2024CHANGE
24 Days27 Days+11.4%

Summary: Homes in Brick had an average of 27 days on market in Nov 2024, up by 11.4% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

25 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 November 2024, 98 homes were sold in Brick; 68% of homes were sold within 30 days, 26% 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 17 Days Ago

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