$3,563 Closing Credit*
$300,000
2,248 SqFt
2 Beds
•2 Full Baths
Christopher M McKenty, Listing Office: eRealty Advisors, Inc
Is Minotola, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Minotola was a Neutral Market.
Key Takeaway
Minotola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Minotola, NJ
How much do homes in Minotola, NJ cost?
Median Sold Price
$315,000
$173/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$40,000(-11.3%)
Key Takeaway
Homes in Minotola have sold for 11.3% less than they did a month ago.
Summary: The median home sold price in Minotola was $315,000 in December 2024, down 11.3% from last month, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $315K | N/A |
| 4 Bedrooms | $355K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Minotola housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Minotola, NJ
How many homes are available in Minotola, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Minotola real estate market had 9 homes for sale in December 2024, a 28.6% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Minotola housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Minotola, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Minotola in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Minotola, NJ
How long does it take to sell a home in Minotola, NJ?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 Days | 31 Days | +184.8% |
Summary: Homes in Minotola had an average of 31 days on market in Dec 2024, up by 184.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Minotola are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in Minotola; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
