$210,000
6.35 Acres
Land
Listing Office: HOMEZU
Is Port Murray, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Port Murray was a Seller's Market.
Key Takeaway
Port Murray is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Port Murray, NJ
How much do homes in Port Murray, NJ cost?
Median Sold Price
$540,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$150,000(+38.5%)
Key Takeaway
Homes in Port Murray have sold for 38.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $404.9K | +35.0% |
| 3 Bedrooms | $377.2K | $390K | +3.4% |
| 4 Bedrooms | $489K | $704.6K | +44.1% |
| 5+ Bedrooms | $790K | - | N/A |
Summary: Port Murray 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 increased by 35%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Port Murray | $390K | $540K | +38.5% |
| Lebanon Township | $560.5K | $674.9K | +20.4% |
| Washington Township | $339.5K | $405K | +19.3% |
| Mansfield Township | $370K | $425K | +14.9% |
| Oxford | $283.5K | $307.5K | +8.5% |
Housing Supply in Port Murray, NJ
How many homes are available in Port Murray, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Port Murray real estate market had 12 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Port Murray 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 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 Port Murray, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Port Murray in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Port Murray, NJ
We’re sorry, we don't have information for this market at the moment
