Is North Long Branch, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Long Branch is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, North Long Branch was a Buyer'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

$680,000

$378/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$1,000(+0.1%)

Key Takeaway

The sold price of homes in North Long Branch has remained the same since last year.

Summary: The median home sold price in North Long Branch was $680,000 in December 2024, up 0.1% from last year, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $651K$662.5K
+1.8%
3 $603.2K$710K
+17.7%
4 $744K$600K
-19.4%
5+ $1.4M$2.8M
+103.6%

Summary: North Long Branch housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 103.6%.

Housing Supply in North Long Branch, NJ

How many homes are available in North Long Branch, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2316-30.4%

Summary: The North Long Branch real estate market had 16 homes for sale in December 2024, a 30.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 93
-66.7%
3 43
-25.0%
4 66
0.0%
5+ 44
0.0%

Summary: The North Long Branch 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 decreased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Long Branch, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in North Long Branch in December 2024, down by 50.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Dec 2023Dec 2024CHANGE
2 Days52 Days+2525.0%

Summary: Homes in North Long Branch had an average of 52 days on market in Dec 2024, up by 2525% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Long Branch has remained consistent over time.

Summary: During December 2024, 4 homes were sold in North Long Branch; 25% of homes were sold within 30 days, 75% 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 7 Days Ago

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