$5,936 Closing Credit*
$499,900
2,204 SqFt
2 Beds
•2 Full Baths
David Schiavone, Listing Office: CB Schiavone & Associates
Is Mansfield Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mansfield Township was a Seller's Market.
Key Takeaway
Mansfield Township 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 Mansfield Township, NJ
How much do homes in Mansfield Township, NJ cost?
Median Sold Price
$395,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$0(0.0%)
Key Takeaway
The sold price of homes in Mansfield Township has remained the same since last year.
Summary: The median home sold price in Mansfield Township was $395,000 in November 2024, the same as last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $324.9K | $355.5K | +9.4% |
| 3 Bedrooms | $400K | $350K | -12.5% |
| 4 Bedrooms | $630.7K | $665K | +5.4% |
| 5+ Bedrooms | $885K | $717.5K | -18.9% |
Summary: Mansfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $546.7K | $640.5K | +17.1% |
| Florence Township | $280K | $325K | +16.1% |
| Bordentown Township | $375K | $419K | +11.7% |
| Chesterfield | $657.5K | $688K | +4.6% |
| Mansfield Township | $394.9K | $395K | 0.0% |
Housing Supply in Mansfield Township, NJ
How many homes are available in Mansfield Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The Mansfield Township real estate market had 32 homes for sale in November 2024, a 17.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 14 | 9 | -35.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mansfield Township housing inventory by bedroom type for November 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 20%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Mansfield Township in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Mansfield Township, NJ
How long does it take to sell a home in Mansfield Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 30 Days | -40.3% |
Summary: Homes in Mansfield Township had an average of 30 days on market in Nov 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mansfield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Mansfield Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.