Is Lacey Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lacey Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Lacey Township, NJ

How much do homes in Lacey Township, NJ cost?

Median Sold Price

$463,366

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,366(+7.5%)

Key Takeaway

Homes in Lacey Township have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Lacey Township was $463,366 in October 2024, up 7.5% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $250K$265K
+6.0%
2 $319.5K$350K
+9.5%
3 $398K$440K
+10.6%
4 $579.9K$575K
-0.8%
5+ $649.9K$699K
+7.6%

Summary: Lacey Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Cities

Lanoka Harbor
+18.0%
Forked River
+7.6%
Lacey Township
+7.5%
Bayville
+6.6%
Berkeley Township
+5.9%

Housing Supply in Lacey Township, NJ

How many homes are available in Lacey Township, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
207204-1.4%

Summary: The Lacey Township real estate market had 204 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 3737
0.0%
3 7777
0.0%
4 6564
-1.5%
5+ 2524
-4.0%

Summary: The Lacey Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3650+38.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lacey Township, you could pay more than the asking price. 56% of homes here sold above asking price last month.

Summary: A total of 50 homes were sold or pending in Lacey Township in October 2024, up by 38.9% month-over-month. Of the 50 sold homes, 36% were sold under asking, 8% were sold at asking, and 56% were sold over asking.

Days on Market for Lacey Township, NJ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days26 Days-35.5%

Summary: Homes in Lacey Township had an average of 26 days on market in Oct 2024, down by 35.5% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 50 homes were sold in Lacey Township; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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 Lacey Township, NJ

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