Is West End Long Branch, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West End Long Branch is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, West End Long Branch was a Neutral Market.

Key Takeaway

West End Long Branch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West End Long Branch, NJ

How much do homes in West End Long Branch, NJ cost?

Median Sold Price

$690,000

$542/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$42,000(-5.7%)

Key Takeaway

Homes in West End Long Branch have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in West End Long Branch was $690,000 in November 2024, down 5.7% from last year, and the median price per square foot was $542.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350.5K$370.5K
+5.7%
2 $687.4K$700K
+1.8%
3 $761.3K$815K
+7.1%
4 $1.0M$1.1M
+3.7%
5+ $1.3M$1.8M
+36.8%

Summary: West End Long Branch housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 36.8%.

Median Sold Price Compared To Nearby Neighborhoods

Uptown Long Branch
+5.6%
West End Long Branch
-5.7%
Elberon
-21.2%

Housing Supply in West End Long Branch, NJ

How many homes are available in West End Long Branch, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4743-8.5%

Summary: The West End Long Branch real estate market had 43 homes for sale in November 2024, a 8.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1210
-16.7%
2 129
-25.0%
3 1010
0.0%
4 44
0.0%
5+ 910
+11.1%

Summary: The West End Long Branch housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
82-75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West End Long Branch, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in West End Long Branch in November 2024, down by 75.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West End Long Branch, NJ

How long does it take to sell a home in West End Long Branch, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days29 Days+8.4%

Summary: Homes in West End Long Branch had an average of 29 days on market in Nov 2024, up by 8.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West End Long Branch are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in West End Long Branch; 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.

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

Report Updated 21 Days Ago

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