$10,000 Closing Credit*
$1,599,000
1,396 SqFt
2 Beds
•2 Full Baths
Robert LoBiondo, Listing Office: Compass New Jersey LLC
Housing Prices in Downtown / Arts District, NJ
How much do homes in Downtown / Arts District, NJ cost?
Median List Price
$900,000
$415/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$225,000(+33.3%)
Key Takeaway
The list price of homes in Downtown / Arts District has increased by 33.3% since last year.
Summary: The median home list price in Downtown / Arts District was $900,000 in November 2024, up 33.3% from the previous year, and the median price per square foot was $415.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.3M | $2.0M | +49.1% |
| 3 Bedrooms | $579.9K | $679K | +17.1% |
| 4 Bedrooms | $849K | $1.2M | +44.3% |
| 5+ Bedrooms | $599.5K | $949K | +58.3% |
Summary: Downtown / Arts District 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 increased by 49.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 44.3%, and 5+ bedroom homes increased by 58.3%.
Median List Price Compared To Nearby Neighborhoods
| West End Long Branch | $712.4K | $1.0M | +43.9% |
| Downtown / Arts District | $675K | $900K | +33.3% |
| Pier Village / Ocean Place | $1.1M | $1.2M | +13.0% |
| North Long Branch | $725K | $699K | -3.6% |
Housing Supply in Downtown / Arts District, NJ
How many homes are available in Downtown / Arts District, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The Downtown / Arts District real estate market had 18 homes for sale in November 2024, a 28.6% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Downtown / Arts District 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Downtown / Arts District, NJ
How long does it take to sell a home in Downtown / Arts District, NJ?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 172 Days | 64 Days | -62.6% |
Summary: Homes in Downtown / Arts District had an average listing age of 64 days in Nov 2024, down by 62.6% compared to the previous year.
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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