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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Keyport is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Keyport, NJ

How much do homes in Keyport, NJ cost?

Median Sold Price

$499,500

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$104,500(+26.5%)

Key Takeaway

Homes in Keyport have sold for 26.5% more than they did a year ago.

Summary: The median home sold price in Keyport was $499,500 in November 2024, up 26.5% from last year, and the median price per square foot was $314.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$279K
+69.1%
2 $348.7K$385.5K
+10.5%
3 $385K$510K
+32.5%
4 $510K$549.5K
+7.8%
5+ $475K$490.3K
+3.2%

Summary: Keyport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.1%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 32.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Cities

Keyport
+26.5%
Aberdeen Township
+21.0%
Union Beach
+11.1%
Hazlet Township
+9.5%
Hazlet
+6.0%

Housing Supply in Keyport, NJ

How many homes are available in Keyport, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5748-15.8%

Summary: The Keyport real estate market had 48 homes for sale in November 2024, a 15.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 66
0.0%
3 3325
-24.2%
4 129
-25.0%
5+ 47
+75.0%

Summary: The Keyport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 24.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2010-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Keyport, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Keyport in November 2024, down by 50.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.

Days on Market for Keyport, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days18 Days-17.6%

Summary: Homes in Keyport had an average of 18 days on market in Nov 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 10 homes were sold in Keyport; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Keyport, NJ

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