Is Mays Landing, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mays Landing is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Mays Landing has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Mays Landing, NJ

How much do homes in Mays Landing, NJ cost?

Median Sold Price

$285,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$41,350(+17.0%)

Key Takeaway

Homes in Mays Landing have sold for 17% more than they did a year ago.

Summary: The median home sold price in Mays Landing was $285,000 in November 2024, up 17% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112.2K$149K
+32.7%
2 $205K$225K
+9.8%
3 $297.4K$325.9K
+9.5%
4 $385K$425K
+10.4%
5+ $649.9K$499K
-23.2%

Summary: Mays Landing housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 23.2%.

Median Sold Price Compared To Nearby Cities

Hamilton Township
+20.0%
Mays Landing
+17.0%

Housing Supply in Mays Landing, NJ

How many homes are available in Mays Landing, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
130131+0.8%

Summary: The Mays Landing real estate market had 131 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 4040
0.0%
3 5859
+1.7%
4 2824
-14.3%
5+ 36
+100.0%

Summary: The Mays Landing housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2425+4.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mays Landing, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Mays Landing in November 2024, up by 4.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for Mays Landing, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days25 Days-3.9%

Summary: Homes in Mays Landing had an average of 25 days on market in Nov 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 25 homes were sold in Mays Landing; 72% of homes were sold within 30 days, 28% 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 17 Days Ago

Newest Listings in Mays Landing, NJ

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