$7,125 Closing Credit*
$599,999
2,086 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kerrin O'Brien, Listing Office: O'Brien Realty, LLC
Is North Long Branch, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, North Long Branch has remained a Seller's Market.
Key Takeaway
North Long Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Long Branch, NJ
How much do homes in North Long Branch, NJ cost?
Median Sold Price
$675,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$30,000(-4.3%)
Key Takeaway
Homes in North Long Branch have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in North Long Branch was $675,000 in November 2024, down 4.3% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $655K | $649.5K | -0.8% |
| 3 Bedrooms | $603.2K | $630K | +4.4% |
| 4 Bedrooms | $744K | $660K | -11.3% |
| 5+ Bedrooms | $2.2M | $2.8M | +29.5% |
Summary: North Long Branch housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 29.5%.
Housing Supply in North Long Branch, NJ
How many homes are available in North Long Branch, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The North Long Branch real estate market had 24 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The North Long Branch housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Long Branch, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in North Long Branch in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for North Long Branch, NJ
How long does it take to sell a home in North Long Branch, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 57 Days | +185.8% |
Summary: Homes in North Long Branch had an average of 57 days on market in Nov 2024, up by 185.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Long Branch has remained consistent over time.
Summary: During November 2024, 6 homes were sold in North Long Branch; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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.