$5,938 Closing Credit*
$500,000
1,568 SqFt
3 Beds
•1 Full Bath
Tracy Portaro, Listing Office: RE/MAX First Realty
Is Farmingdale, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Farmingdale has remained a Seller'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
$749,591
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$56,409(-7.0%)
Key Takeaway
Homes in Farmingdale have sold for 7% less than they did a year ago.
Summary: The median home sold price in Farmingdale was $749,591 in November 2024, down 7% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $705K | $705.5K | 0.1% |
| 3 Bedrooms | $650K | $700K | +7.7% |
| 4 Bedrooms | $922.5K | $903.5K | -2.1% |
| 5+ Bedrooms | $803K | $994.5K | +23.8% |
Summary: Farmingdale 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 0.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 23.8%.
Median Sold Price Compared To Nearby Cities
| Howell Township | $566.5K | $610.9K | +7.8% |
| Farmingdale | $806K | $749.5K | -7.0% |
Housing Supply in Farmingdale, NJ
How many homes are available in Farmingdale, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Summary: The Farmingdale real estate market had 29 homes for sale in November 2024, a 23.7% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 14 | 8 | -42.9% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Farmingdale 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 decreased by 66.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Farmingdale, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Farmingdale in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 15 Days | -67.5% |
Summary: Homes in Farmingdale had an average of 15 days on market in Nov 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
7 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 Farmingdale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Farmingdale; 88% of homes were sold within 30 days, 13% 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.
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 2024, 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.