$7,113 Closing Credit*
$599,000
3 Beds
•2 Full Baths
Parisha Smith, Listing Office: Keller Williams Realty Moorestown
Is Cream Ridge, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cream Ridge was a Seller's Market.
Key Takeaway
Cream Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cream Ridge, NJ
How much do homes in Cream Ridge, NJ cost?
Median Sold Price
$722,500
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$160,000(+28.4%)
Key Takeaway
Homes in Cream Ridge have sold for 28.4% more than they did a year ago.
Summary: The median home sold price in Cream Ridge was $722,500 in October 2024, up 28.4% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $65K | +4.0% |
| 2 Bedrooms | $337.5K | $450K | +33.3% |
| 3 Bedrooms | $440K | $515K | +17.0% |
| 4 Bedrooms | $810.5K | $802K | -1.0% |
| 5+ Bedrooms | $850K | $1.1M | +38.2% |
Summary: Cream Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 38.2%.
Median Sold Price Compared To Nearby Cities
| Cream Ridge | $562.4K | $722.5K | +28.4% |
| Plumsted Township | $430K | $540K | +25.6% |
| New Egypt | $443.4K | $543.2K | +22.5% |
| Millstone Township | $830K | $915K | +10.2% |
| Upper Freehold Township | $690K | $740K | +7.2% |
Housing Supply in Cream Ridge, NJ
How many homes are available in Cream Ridge, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Summary: The Cream Ridge real estate market had 17 homes for sale in October 2024, a 26.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Cream Ridge 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cream Ridge, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Cream Ridge in October 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Cream Ridge, NJ
How long does it take to sell a home in Cream Ridge, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 11 Days | -6.4% |
Summary: Homes in Cream Ridge had an average of 11 days on market in Oct 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cream Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Cream Ridge; 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.
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.