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 neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, West End Long Branch has remained a Neutral Market.

Key Takeaway

West End Long Branch is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in West End Long Branch, NJ

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

Median Sold Price

$685,000

$503/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$76,300(-10.0%)

Key Takeaway

Homes in West End Long Branch have sold for 10% less than they did a year ago.

Summary: The median home sold price in West End Long Branch was $685,000 in October 2024, down 10% from last year, and the median price per square foot was $503.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $360K$369.5K
+2.6%
2 $678.7K$700K
+3.1%
3 $797.5K$780K
-2.2%
4 $1.2M$1.1M
-12.6%
5+ $1.3M$1.8M
+36.9%

Summary: West End Long Branch housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes increased by 36.9%.

Median Sold Price Compared To Nearby Neighborhoods

Uptown Long Branch
+16.5%
West End Long Branch
-10.0%
Elberon
-11.0%

Housing Supply in West End Long Branch, NJ

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5049-2.0%

Summary: The West End Long Branch real estate market had 49 homes for sale in October 2024, a 2.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 911
+22.2%
2 1411
-21.4%
3 1111
0.0%
4 67
+16.7%
5+ 109
-10.0%

Summary: The West End Long Branch housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in West End Long Branch in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
92 Days54 Days-41.3%

Summary: Homes in West End Long Branch had an average of 54 days on market in Oct 2024, down by 41.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West End Long Branch has remained consistent over time.

Summary: During October 2024, 8 homes were sold in West End Long Branch; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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

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