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 20 Days Ago

Newest Listings in Parlin, NJ

Nearby Markets to Parlin, NJ

What housing markets are near Parlin, NJ?