$8,016 Closing Credit*
$675,000
2,682 SqFt
3 Beds
•2 Full Baths, 1 Partial
Matthew Merritt, Listing Office: Keller Williams Realty Monmouth/Ocean
Is Cream Ridge, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cream Ridge was a Buyer's Market.
Key Takeaway
Cream Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cream Ridge, NJ
How much do homes in Cream Ridge, NJ cost?
Median Sold Price
$765,000
$268/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$335,000(+77.9%)
Key Takeaway
Homes in Cream Ridge have sold for 77.9% more than they did a month ago.
Summary: The median home sold price in Cream Ridge was $765,000 in November 2024, up 77.9% from last month, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $430K | $500K | +16.3% |
| 4 Bedrooms | - | $960K | N/A |
| 5+ Bedrooms | - | $920K | N/A |
Summary: Cream Ridge housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Cream Ridge, NJ
How many homes are available in Cream Ridge, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The Cream Ridge real estate market had 15 homes for sale in November 2024, a 21.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 10 | 5 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cream Ridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cream Ridge, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cream Ridge in November 2024, up by 600.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 20 Days | +86.4% |
Summary: Homes in Cream Ridge had an average of 20 days on market in Nov 2024, up by 86.4% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 7 homes were sold in Cream Ridge; 71% of homes were sold within 30 days, 14% 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.