$850,000
0.14 Acres
Land
Anita Paris, Listing Office: Berkshire Hathaway HomeServices Fox & Roach - Manalapan
Is Rumson, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Rumson was a Seller's Market.
Key Takeaway
Rumson 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 Rumson, NJ
How much do homes in Rumson, NJ cost?
Median Sold Price
$2,150,000
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$150,500(+7.5%)
Key Takeaway
Homes in Rumson have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Rumson was $2,150,000 in October 2024, up 7.5% from last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $505K | $737.4K | +46.0% |
| 3 Bedrooms | $999.9K | $1.3M | +33.9% |
| 4 Bedrooms | $1.6M | $1.8M | +11.1% |
| 5+ Bedrooms | $2.6M | $2.9M | +7.5% |
Summary: Rumson 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 increased by 46%, 3 bedroom homes increased by 33.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Sea Bright | $1.1M | $1.4M | +27.4% |
| Fair Haven | $1.2M | $1.4M | +12.5% |
| Rumson | $1.9M | $2.1M | +7.5% |
| Little Silver | $915K | $918K | 0.3% |
| Monmouth Beach | $899K | $862.5K | -4.1% |
Housing Supply in Rumson, NJ
How many homes are available in Rumson, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The Rumson real estate market had 44 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The Rumson 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 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rumson, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Rumson in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Rumson, NJ
How long does it take to sell a home in Rumson, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 70 Days | +306.4% |
Summary: Homes in Rumson had an average of 70 days on market in Oct 2024, up by 306.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rumson are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Rumson; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.