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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Keansburg is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Keansburg was a Seller's Market.

Key Takeaway

Keansburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Keansburg, NJ

How much do homes in Keansburg, NJ cost?

Median Sold Price

$347,450

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,950(+10.8%)

Key Takeaway

Homes in Keansburg have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Keansburg was $347,450 in November 2024, up 10.8% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $177.5K$239K
+34.6%
2 $235K$281K
+19.6%
3 $328K$395K
+20.4%
4 $370K$425K
+14.9%
5+ $415.5K$500K
+20.3%

Summary: Keansburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.6%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Cities

Keyport
+26.5%
Union Beach
+11.1%
Keansburg
+10.8%
Hazlet Township
+9.5%
Middletown
+4.6%

Housing Supply in Keansburg, NJ

How many homes are available in Keansburg, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7266-8.3%

Summary: The Keansburg real estate market had 66 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 3020
-33.3%
3 2424
0.0%
4 59
+80.0%
5+ 910
+11.1%

Summary: The Keansburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Keansburg, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Keansburg in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for Keansburg, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
48 Days42 Days-13.8%

Summary: Homes in Keansburg had an average of 42 days on market in Nov 2024, down by 13.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Keansburg; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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 2 Days Ago

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