Is Parlin, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parlin is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Parlin was a Buyer's Market.

Key Takeaway

Parlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Parlin, NJ

How much do homes in Parlin, NJ cost?

Median Sold Price

$480,000

$332/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,500(+12.3%)

Key Takeaway

Homes in Parlin have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Parlin was $480,000 in October 2024, up 12.3% from last year, and the median price per square foot was $332.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $220K$275K
+25.0%
2 $331.5K$360K
+8.6%
3 $431K$486K
+12.8%
4 $502.6K$615K
+22.4%
5+ $675K$715K
+5.9%

Summary: Parlin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Cities

Parlin
+12.3%
Sayreville
+11.8%
Old Bridge Township
+6.8%
Matawan
+6.7%
Old Bridge
+6.5%

Housing Supply in Parlin, NJ

How many homes are available in Parlin, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6369+9.5%

Summary: The Parlin real estate market had 69 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 512
+140.0%
3 3738
+2.7%
4 1915
-21.1%
5+ 13
+200.0%

Summary: The Parlin 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 increased by 140%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12120.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parlin, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Parlin in October 2024, the same as the previous month. Of the 12 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Parlin, NJ

How long does it take to sell a home in Parlin, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days19 Days-21.0%

Summary: Homes in Parlin had an average of 19 days on market in Oct 2024, down by 21% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Parlin are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in Parlin; 83% of homes were sold within 30 days, 17% 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 4 Days Ago

Newest Listings in Parlin, NJ

Nearby Markets to Parlin, NJ

What housing markets are near Parlin, NJ?