$129,000
0.58 Acres
Land
Listing Office: GRACE REALTY
Is Upper Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Upper Township was a Seller's Market.
Key Takeaway
Upper Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Township, NJ
How much do homes in Upper Township, NJ cost?
Median Sold Price
$719,990
$274/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$55,990(+8.4%)
Key Takeaway
Homes in Upper Township have sold for 8.4% more than they did a month ago.
Summary: The median home sold price in Upper Township was $719,990 in November 2024, up 8.4% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $560K | - | N/A |
| 4 Bedrooms | $668K | $719.9K | +7.8% |
| 5+ Bedrooms | $2.2M | - | N/A |
Summary: Upper Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ocean View | $664K | $854.9K | +28.8% |
| Upper Township | $664K | $719.9K | +8.4% |
| Estell Manor | $464.5K | $466.5K | 0.4% |
Housing Supply in Upper Township, NJ
How many homes are available in Upper Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 41 | 0.0% |
Summary: The Upper Township real estate market had 41 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 | 4 | +100.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Upper Township 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Upper Township in November 2024, down by 63.6% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Upper Township, NJ
How long does it take to sell a home in Upper Township, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 37 Days | -42.2% |
Summary: Homes in Upper Township had an average of 37 days on market in Nov 2024, down by 42.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Upper Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.