$5,332 Closing Credit*
$449,000
1,536 SqFt
4 Beds
•1 Full Bath
Danielle Suzanne Ruggierio, Listing Office: KingsGate Realty LLC
Is Middle Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Middle Township was a Seller's Market.
Key Takeaway
Middle Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Middle Township, NJ
How much do homes in Middle Township, NJ cost?
Median Sold Price
$452,495
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,005(+23.1%)
Key Takeaway
Homes in Middle Township have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Middle Township was $452,495 in October 2024, up 23.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $161K | -24.1% |
| 2 Bedrooms | $295K | $407.5K | +38.1% |
| 3 Bedrooms | $425K | $400K | -5.9% |
| 4 Bedrooms | $442.4K | $542.5K | +22.6% |
| 5+ Bedrooms | $945K | $536K | -43.3% |
Summary: Middle Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 38.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes decreased by 43.3%.
Median Sold Price Compared To Nearby Cities
| North Wildwood | $340K | $470K | +38.2% |
| Middle Township | $367.4K | $452.4K | +23.1% |
Housing Supply in Middle Township, NJ
How many homes are available in Middle Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Middle Township real estate market had 32 homes for sale in October 2024, a 10.3% 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 | 3 | -25.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Middle 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 decreased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middle Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Middle Township in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Middle Township, NJ
How long does it take to sell a home in Middle Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 127 Days | +98.1% |
Summary: Homes in Middle Township had an average of 127 days on market in Oct 2024, up by 98.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Middle Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Middle Township; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.