$4,305 Closing Credit*
$362,500
1,272 SqFt
2 Beds
•2 Full Baths
William Kilbride, Listing Office: Compass New Jersey LLC
Is Freehold Township, 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, Freehold Township has remained a Seller's Market.
Key Takeaway
Freehold Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Freehold Township, NJ
How much do homes in Freehold Township, NJ cost?
Median Sold Price
$505,142
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,809(+8.8%)
Key Takeaway
Homes in Freehold Township have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Freehold Township was $505,142 in November 2024, up 8.8% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $239.5K | +13.0% |
| 2 Bedrooms | $350K | $395K | +12.9% |
| 3 Bedrooms | $476K | $485.3K | +2.0% |
| 4 Bedrooms | $700K | $800K | +14.3% |
| 5+ Bedrooms | $925K | $999.9K | +8.1% |
Summary: Freehold Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Freehold | $462.4K | $505K | +9.2% |
| Freehold Township | $464.3K | $505.1K | +8.8% |
| Marlboro Township | $717K | $769.9K | +7.4% |
| Manalapan Township | $647.8K | $690K | +6.5% |
| Marlboro | $747.5K | $769.9K | +3.0% |
Housing Supply in Freehold Township, NJ
How many homes are available in Freehold Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 213 | 155 | -27.2% |
Summary: The Freehold Township real estate market had 155 homes for sale in November 2024, a 27.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 75 | 53 | -29.3% |
| 3 Bedrooms | 52 | 38 | -26.9% |
| 4 Bedrooms | 52 | 37 | -28.8% |
| 5+ Bedrooms | 29 | 24 | -17.2% |
Summary: The Freehold Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 29.3%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes decreased by 28.8%, and 5+ bedroom homes decreased by 17.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 36 | -41.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Freehold Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in Freehold Township in November 2024, down by 41.0% month-over-month. Of the 36 sold homes, 19% were sold under asking, 44% were sold at asking, and 36% were sold over asking.
Days on Market for Freehold Township, NJ
How long does it take to sell a home in Freehold Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +5.1% |
Summary: Homes in Freehold Township had an average of 26 days on market in Nov 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Freehold Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in Freehold Township; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% 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.