$10,000 Closing Credit*
$1,299,000
4 Beds
•2 Full Baths, 2 Partial
Madeline DeVito, Listing Office: Coldwell Banker Realty
Is Farmingdale, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Farmingdale was a Buyer's Market.
Key Takeaway
Farmingdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Farmingdale, NJ
How much do homes in Farmingdale, NJ cost?
Median Sold Price
$753,500
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$46,400(-5.8%)
Key Takeaway
Homes in Farmingdale have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in Farmingdale was $753,500 in December 2024, down 5.8% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $705K | $706K | 0.1% |
| 3 Bedrooms | $622.5K | $700K | +12.4% |
| 4 Bedrooms | $915K | $903.5K | -1.3% |
| 5+ Bedrooms | $803K | $999K | +24.4% |
Summary: Farmingdale housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Howell Township | $574.8K | $620K | +7.9% |
| Farmingdale | $799.9K | $753.5K | -5.8% |
Housing Supply in Farmingdale, NJ
How many homes are available in Farmingdale, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 | 20 | -35.5% |
Summary: The Farmingdale real estate market had 20 homes for sale in December 2024, a 35.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 19 | 11 | -42.1% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Farmingdale housing inventory by bedroom type for December 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 42.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Farmingdale, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Farmingdale in December 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Farmingdale, NJ
How long does it take to sell a home in Farmingdale, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 48 Days | +166.7% |
Summary: Homes in Farmingdale had an average of 48 days on market in Dec 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Farmingdale has remained consistent over time.
Summary: During December 2024, 5 homes were sold in Farmingdale; 20% of homes were sold within 30 days, 80% 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 © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.