$7,719 Closing Credit*
$649,990
2,590 SqFt
3 Beds
•3 Full Baths
Debra A Glatz, Listing Office: Lennar Sales Corp.
Is New Egypt, 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, New Egypt has remained a Seller's Market.
Key Takeaway
New Egypt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Egypt, NJ
How much do homes in New Egypt, NJ cost?
Median Sold Price
$543,290
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,870(+22.5%)
Key Takeaway
Homes in New Egypt have sold for 22.5% more than they did a year ago.
Summary: The median home sold price in New Egypt was $543,290 in October 2024, up 22.5% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $327.5K | $410K | +25.2% |
| 3 Bedrooms | $404.9K | $500K | +23.5% |
| 4 Bedrooms | $589.9K | $675K | +14.4% |
| 5+ Bedrooms | $540K | $735K | +36.1% |
Summary: New Egypt 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 25.2%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 36.1%.
Median Sold Price Compared To Nearby Cities
| Cream Ridge | $562.4K | $722.5K | +28.4% |
| Plumsted Township | $430K | $540K | +25.6% |
| New Egypt | $443.4K | $543.2K | +22.5% |
Housing Supply in New Egypt, NJ
How many homes are available in New Egypt, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 50 | -2.0% |
Summary: The New Egypt real estate market had 50 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The New Egypt 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 increased by 3.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Egypt, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in New Egypt in October 2024, up by 66.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for New Egypt, NJ
How long does it take to sell a home in New Egypt, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +23.2% |
Summary: Homes in New Egypt had an average of 41 days on market in Oct 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Egypt has remained consistent over time.
Summary: During October 2024, 15 homes were sold in New Egypt; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.