$6,519 Closing Credit*
$549,000
4 Beds
•3 Full Baths, 1 Partial
Listing Office: PREMIER HOMES
Is Mansfield Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mansfield Township has remained a Buyer'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
$422,500
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+18.2%)
Key Takeaway
Homes in Mansfield Township have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Mansfield Township was $422,500 in October 2024, up 18.2% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $41K | N/A |
| 2 Bedrooms | $256.5K | $293.7K | +14.5% |
| 3 Bedrooms | $340K | $420K | +23.5% |
| 4 Bedrooms | $535K | $567.5K | +6.1% |
| 5+ Bedrooms | $575K | $469.9K | -18.3% |
Summary: Mansfield Township 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 increased by 14.5%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Lebanon Township | $559.9K | $675K | +20.5% |
| Mansfield Township | $357.5K | $422.5K | +18.2% |
| Independence Township | $327.6K | $385K | +17.5% |
| Oxford | $285K | $300K | +5.3% |
Housing Supply in Mansfield Township, NJ
How many homes are available in Mansfield Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Summary: The Mansfield Township real estate market had 33 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Mansfield Township 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 increased by 11.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
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 October 2024, down by 42.9% month-over-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
