$4,738 Closing Credit*
$399,000
Listing Office: J.J. ELEK REALTY CO.
Is Port Reading, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Port Reading has remained a Seller's Market.
Key Takeaway
Port Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Reading, NJ
How much do homes in Port Reading, NJ cost?
Median Sold Price
$502,500
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+5.8%)
Key Takeaway
Homes in Port Reading have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Port Reading was $502,500 in November 2024, up 5.8% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $385K | +11.6% |
| 3 Bedrooms | $460K | $495K | +7.6% |
| 4 Bedrooms | $510K | $505K | -1.0% |
| 5+ Bedrooms | $570K | $615K | +7.9% |
Summary: Port Reading 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 11.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Woodbridge | $400K | $440.5K | +10.1% |
| Avenel | $425K | $462.5K | +8.8% |
| Carteret | $450K | $480K | +6.7% |
| Port Reading | $475K | $502.5K | +5.8% |
Housing Supply in Port Reading, NJ
How many homes are available in Port Reading, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Port Reading real estate market had 16 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Port Reading 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 increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Reading, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Port Reading in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Port Reading, NJ
How long does it take to sell a home in Port Reading, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 37 Days | -31.6% |
Summary: Homes in Port Reading had an average of 37 days on market in Nov 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Port Reading are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Port Reading; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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