Is Port Monmouth, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Monmouth is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Port Monmouth was a Neutral Market.

Key Takeaway

Port Monmouth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Port Monmouth, NJ

How much do homes in Port Monmouth, NJ cost?

Median Sold Price

$583,000

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$128,000(+28.1%)

Key Takeaway

Homes in Port Monmouth have sold for 28.1% more than they did a year ago.

Summary: The median home sold price in Port Monmouth was $583,000 in October 2024, up 28.1% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$314K
N/A
2 $340.5K$307.4K
-9.7%
3 $455K$580K
+27.5%
4 $590K$607K
+2.9%
5+ $640K$885K
+38.3%

Summary: Port Monmouth 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 decreased by 9.7%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 38.3%.

Median Sold Price Compared To Nearby Neighborhoods

Port Monmouth
+28.1%
North Middletown
+11.1%

Housing Supply in Port Monmouth, NJ

How many homes are available in Port Monmouth, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
15150.0%

Summary: The Port Monmouth real estate market had 15 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 79
+28.6%
4 65
-16.7%
5+ 10
-100.0%

Summary: The Port Monmouth 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Monmouth, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Port Monmouth in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Port Monmouth, NJ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days59 Days+306.9%

Summary: Homes in Port Monmouth had an average of 59 days on market in Oct 2024, up by 306.9% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Port Monmouth has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Port Monmouth; 0% of homes were sold within 30 days, 100% 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 23 Days Ago

Newest Listings in Port Monmouth, NJ

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