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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Keansburg is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Keansburg was a Neutral Market.

Key Takeaway

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

Housing Prices in Keansburg, NJ

How much do homes in Keansburg, NJ cost?

Median Sold Price

$350,000

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$45,500(+14.9%)

Key Takeaway

Homes in Keansburg have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in Keansburg was $350,000 in December 2024, up 14.9% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $180.7K$233.5K
+29.2%
2 $231.5K$284K
+22.7%
3 $325K$398K
+22.5%
4 $370K$400K
+8.1%
5+ $415.5K$520K
+25.2%

Summary: Keansburg housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 25.2%.

Median Sold Price Compared To Nearby Cities

Keyport
+20.6%
Keansburg
+14.9%
Union Beach
+12.8%
Middletown
+10.4%
Hazlet Township
+9.5%

Housing Supply in Keansburg, NJ

How many homes are available in Keansburg, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6561-6.2%

Summary: The Keansburg real estate market had 61 homes for sale in December 2024, a 6.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 53
-40.0%
2 2221
-4.5%
3 2321
-8.7%
4 68
+33.3%
5+ 98
-11.1%

Summary: The Keansburg housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1216+33.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 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. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Keansburg in December 2024, up by 33.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% 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

Dec 2023Dec 2024CHANGE
32 Days51 Days+59.0%

Summary: Homes in Keansburg had an average of 51 days on market in Dec 2024, up by 59% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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 December 2024, 16 homes were sold in Keansburg; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

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