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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brick Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Brick Township, NJ

How much do homes in Brick Township, NJ cost?

Median Sold Price

$455,046

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$53,333(+13.3%)

Key Takeaway

Homes in Brick Township have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Brick Township was $455,046 in October 2024, up 13.3% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$252.5K
+26.3%
2 $305K$335K
+9.8%
3 $450K$483.5K
+7.4%
4 $582.5K$650K
+11.6%
5+ $680K$925K
+36.0%

Summary: Brick Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 36%.

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 Township, NJ

How many homes are available in Brick Township, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
390352-9.7%

Summary: The Brick Township real estate market had 352 homes for sale in October 2024, a 9.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 69
+50.0%
2 122113
-7.4%
3 128116
-9.4%
4 9378
-16.1%
5+ 4136
-12.2%

Summary: The Brick Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 12.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
9896-2.0%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brick Township, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.

Summary: A total of 96 homes were sold or pending in Brick Township in October 2024, down by 2.0% month-over-month. Of the 96 sold homes, 41% were sold under asking, 22% were sold at asking, and 38% were sold over asking.

Days on Market for Brick Township, NJ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days31 Days+26.4%

Summary: Homes in Brick Township had an average of 31 days on market in Oct 2024, up by 26.4% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 96 homes were sold in Brick Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 6% 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 Township, NJ

Nearby Markets to Brick Township, NJ

What housing markets are near Brick Township, NJ?