Is Wall Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wall Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Wall Township has remained a Seller's Market.

Key Takeaway

Wall Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wall Township, NJ

How much do homes in Wall Township, NJ cost?

Median Sold Price

$821,000

$408/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$103,550(+14.4%)

Key Takeaway

Homes in Wall Township have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in Wall Township was $821,000 in October 2024, up 14.4% from last year, and the median price per square foot was $408.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $324.5K$324.2K
-0.1%
2 $501K$620K
+23.8%
3 $687.5K$759.5K
+10.5%
4 $892.5K$995K
+11.5%
5+ $1.1M$1.4M
+27.3%

Summary: Wall Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 27.3%.

Median Sold Price Compared To Nearby Cities

Belmar
+19.1%
Wall Township
+14.4%
Neptune
+10.1%
Neptune Township
+6.0%
Lake Como
+3.2%

Housing Supply in Wall Township, NJ

How many homes are available in Wall Township, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
106108+1.9%

Summary: The Wall Township real estate market had 108 homes for sale in October 2024, a 1.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 4548
+6.7%
4 3122
-29.0%
5+ 2028
+40.0%

Summary: The Wall 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 6.7%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25250.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wall Township, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Wall Township in October 2024, the same as the previous month. Of the 25 sold homes, 52% were sold under asking, 12% were sold at asking, and 36% were sold over asking.

Days on Market for Wall Township, NJ

How long does it take to sell a home in Wall Township, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days31 Days+30.4%

Summary: Homes in Wall Township had an average of 31 days on market in Oct 2024, up by 30.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wall Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in Wall Township; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Wall Township, NJ

Nearby Markets to Wall Township, NJ

What housing markets are near Wall Township, NJ?