$8,016 Closing Credit*
$675,000
4,100 SqFt
5 Beds
•3 Full Baths
Listing Office: Keller Williams Realty Jersey Shore-Ocean City
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
Since last month, Upper Township has remained a Seller's Market.
Key Takeaway
Upper Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Township, NJ
How much do homes in Upper Township, NJ cost?
Median Sold Price
$668,000
$267/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$44,495(-6.2%)
Key Takeaway
Homes in Upper Township have sold for 6.2% less than they did a month ago.
Summary: The median home sold price in Upper Township was $668,000 in October 2024, down 6.2% from last month, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $575K | $557.5K | -3.0% |
| 4 Bedrooms | $719.9K | $668K | -7.2% |
| 5+ Bedrooms | - | $2.2M | N/A |
Summary: Upper Township housing prices by bedroom type for October 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 decreased by 3%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Estell Manor | $437.5K | $464.5K | +6.2% |
| Upper Township | $712.4K | $668K | -6.2% |
Housing Supply in Upper Township, NJ
How many homes are available in Upper Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The Upper Township real estate market had 41 homes for sale in October 2024, a 7.9% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Upper 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 remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 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 11 homes were sold or pending in Upper Township in October 2024, up by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 64 Days | +22.9% |
Summary: Homes in Upper Township had an average of 64 days on market in Oct 2024, up by 22.9% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Upper Township; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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.