Is Howell, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Howell is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Howell has remained a Seller's Market.

Key Takeaway

Howell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Howell, NJ

How much do homes in Howell, NJ cost?

Median Sold Price

$611,500

$321/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,500(+7.3%)

Key Takeaway

Homes in Howell have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Howell was $611,500 in October 2024, up 7.3% from last year, and the median price per square foot was $321.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $215.2K$250.5K
+16.4%
2 $322.5K$305K
-5.4%
3 $525K$565K
+7.6%
4 $620K$676K
+9.0%
5+ $650K$762.5K
+17.3%

Summary: Howell housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Cities

Lakewood
+13.9%
Lakewood Township
+11.7%
Howell
+7.3%
Howell Township
+6.0%
Jackson Township
+3.8%

Housing Supply in Howell, NJ

How many homes are available in Howell, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2142140.0%

Summary: The Howell real estate market had 214 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1618
+12.5%
3 7273
+1.4%
4 9689
-7.3%
5+ 2932
+10.3%

Summary: The Howell housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 10.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3746+24.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Howell, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Howell in October 2024, up by 24.3% month-over-month. Of the 46 sold homes, 30% were sold under asking, 17% were sold at asking, and 52% were sold over asking.

Days on Market for Howell, NJ

How long does it take to sell a home in Howell, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days24 Days+45.1%

Summary: Homes in Howell had an average of 24 days on market in Oct 2024, up by 45.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Howell are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in Howell; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Howell, NJ

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