$8,312 Closing Credit*
$699,999
2,798 SqFt
4 Beds
•2 Full Baths
Rhonda L Golub, Listing Office: Redfin
Is Upper Freehold 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, Upper Freehold Township has remained a Seller's Market.
Key Takeaway
Upper Freehold Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Freehold Township, NJ
How much do homes in Upper Freehold Township, NJ cost?
Median Sold Price
$740,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+7.2%)
Key Takeaway
Homes in Upper Freehold Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Upper Freehold Township was $740,000 in October 2024, up 7.2% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $65K | +4.0% |
| 2 Bedrooms | $505K | $525K | +4.0% |
| 3 Bedrooms | $530K | $630K | +18.9% |
| 4 Bedrooms | $864K | $910K | +5.3% |
| 5+ Bedrooms | $850K | $1.1M | +38.2% |
Summary: Upper Freehold Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 38.2%.
Median Sold Price Compared To Nearby Cities
| Robbinsville Township | $550K | $665K | +20.9% |
| Allentown | $550K | $645K | +17.3% |
| Millstone Township | $830K | $915K | +10.2% |
| Upper Freehold Township | $690K | $740K | +7.2% |
Housing Supply in Upper Freehold Township, NJ
How many homes are available in Upper Freehold Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Summary: The Upper Freehold Township real estate market had 36 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 14 | 10 | -28.6% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Upper Freehold Township 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Freehold Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Upper Freehold Township in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Upper Freehold Township, NJ
How long does it take to sell a home in Upper Freehold Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 21 Days | -8.1% |
Summary: Homes in Upper Freehold Township had an average of 21 days on market in Oct 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
6 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 Upper Freehold Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Upper Freehold Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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.