$2,850,000
4 Beds
•4 Full Baths
Kathleen McDonough, Listing Office: Christie's Int'l RE Group
Is Colts Neck Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Colts Neck Township was a Buyer's Market.
Key Takeaway
Colts Neck Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colts Neck Township, NJ
How much do homes in Colts Neck Township, NJ cost?
Median Sold Price
$1,200,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-0.8%)
Key Takeaway
Homes in Colts Neck Township have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Colts Neck Township was $1,200,000 in November 2024, down 0.8% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $840K | N/A |
| 3 Bedrooms | $814.9K | $805K | -1.2% |
| 4 Bedrooms | $989.9K | $1.1M | +14.2% |
| 5+ Bedrooms | $1.6M | $1.7M | +6.7% |
Summary: Colts Neck Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Tinton Falls | $460K | $520K | +13.0% |
| Lincroft | $803.5K | $874.9K | +8.9% |
| Colts Neck Township | $1.2M | $1.2M | -0.8% |
| Colts Neck | $1.2M | $1.2M | -0.8% |
| Holmdel Township | $955K | $880K | -7.9% |
Housing Supply in Colts Neck Township, NJ
How many homes are available in Colts Neck Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 52 | -21.2% |
Summary: The Colts Neck Township real estate market had 52 homes for sale in November 2024, a 21.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 38 | 28 | -26.3% |
Summary: The Colts Neck Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 26.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colts Neck Township, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Colts Neck Township in November 2024, up by 54.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 6% were sold at asking, and 41% were sold over asking.
Days on Market for Colts Neck Township, NJ
How long does it take to sell a home in Colts Neck Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 32 Days | -44.8% |
Summary: Homes in Colts Neck Township had an average of 32 days on market in Nov 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Colts Neck Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Colts Neck Township; 65% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
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