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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincroft is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Lincroft, NJ

How much do homes in Lincroft, NJ cost?

Median Sold Price

$856,250

$371/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$47,750(+5.9%)

Key Takeaway

Homes in Lincroft have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Lincroft was $856,250 in October 2024, up 5.9% from last year, and the median price per square foot was $371.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$675K
N/A
3 $760K$750K
-1.3%
4 $812.5K$907.5K
+11.7%
5+ $1.3M$1.2M
-9.3%

Summary: Lincroft housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Cities

Middletown Township
+11.5%
Lincroft
+5.9%
Colts Neck Township
-1.4%
Colts Neck
-1.4%
Holmdel Township
-3.8%

Housing Supply in Lincroft, NJ

How many homes are available in Lincroft, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3125-19.4%

Summary: The Lincroft real estate market had 25 homes for sale in October 2024, a 19.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 127
-41.7%
4 911
+22.2%
5+ 96
-33.3%

Summary: The Lincroft housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 41.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincroft, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Lincroft in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for Lincroft, NJ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days14 Days-8.1%

Summary: Homes in Lincroft had an average of 14 days on market in Oct 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Lincroft; 90% of homes were sold within 30 days, 10% 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 21 Days Ago

Newest Listings in Lincroft, NJ

Nearby Markets to Lincroft, NJ

What housing markets are near Lincroft, NJ?