$9,499 Closing Credit*
$799,900
2,610 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jeanette Sheffer, Listing Office: Berkshire Hathaway HomeServices Fox & Roach - Rumson
Is Shrewsbury Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Shrewsbury Township has remained a Seller's Market.
Key Takeaway
Shrewsbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shrewsbury Township, NJ
How much do homes in Shrewsbury Township, NJ cost?
Median Sold Price
$650,069
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$931(-0.1%)
Key Takeaway
The sold price of homes in Shrewsbury Township has remained the same since last year.
Summary: The median home sold price in Shrewsbury Township was $650,069 in October 2024, down 0.1% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | $165K | +10.7% |
| 2 Bedrooms | $260K | $280K | +7.7% |
| 3 Bedrooms | $662K | $740K | +11.8% |
| 4 Bedrooms | $888K | $830K | -6.5% |
| 5+ Bedrooms | $1.7M | $1.2M | -30.6% |
Summary: Shrewsbury Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 30.6%.
Median Sold Price Compared To Nearby Cities
| Tinton Falls | $462K | $515K | +11.5% |
| Shrewsbury | $747K | $800K | +7.1% |
| Shrewsbury Township | $651K | $650K | -0.1% |
Housing Supply in Shrewsbury Township, NJ
How many homes are available in Shrewsbury Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Summary: The Shrewsbury Township real estate market had 21 homes for sale in October 2024, a 22.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Shrewsbury Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shrewsbury Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Shrewsbury Township in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and 71% were sold over asking.
Days on Market for Shrewsbury Township, NJ
How long does it take to sell a home in Shrewsbury Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 14 Days | +6.0% |
Summary: Homes in Shrewsbury Township had an average of 14 days on market in Oct 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shrewsbury Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Shrewsbury Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.