$5,213 Closing Credit*
$439,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mansfield Township, NJ
How much do homes in Mansfield Township, NJ cost?
Median Sold Price
$425,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+14.9%)
Key Takeaway
Homes in Mansfield Township have sold for 14.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $41K | N/A |
| 2 Bedrooms | $244K | $293.7K | +20.4% |
| 3 Bedrooms | $367.5K | $420K | +14.3% |
| 4 Bedrooms | $545K | $577K | +5.9% |
| 5+ Bedrooms | $750K | $469.9K | -37.3% |
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 20.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 37.3%.
Median Sold Price Compared To Nearby Cities
| Port Murray | $390K | $540K | +38.5% |
| Lebanon Township | $560.5K | $674.9K | +20.4% |
| Independence Township | $330.1K | $385K | +16.6% |
| Mansfield Township | $370K | $425K | +14.9% |
| Oxford | $283.5K | $307.5K | +8.5% |
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 |
|---|---|---|
| 32 | 30 | -6.3% |
Summary: The Mansfield Township real estate market had 30 homes for sale in November 2024, a 6.3% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
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 27.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Mansfield Township in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Mansfield Township, NJ
We’re sorry, we don't have information for this market at the moment
