$5,344 Closing Credit*
$450,000
708 SqFt
2 Beds
•1 Full Bath
Annamarie Talerico, Listing Office: RE/MAX Revolution
Is West Long Branch, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, West Long Branch was a Seller's Market.
Key Takeaway
West 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 Long Branch, NJ
How much do homes in West Long Branch, NJ cost?
Median Sold Price
$843,572
$422/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,572(+6.8%)
Key Takeaway
Homes in West Long Branch have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in West Long Branch was $843,572 in October 2024, up 6.8% from last year, and the median price per square foot was $422.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $565K | $557.5K | -1.3% |
| 3 Bedrooms | $657.5K | $720.5K | +9.6% |
| 4 Bedrooms | $842.5K | $960K | +13.9% |
| 5+ Bedrooms | $1.0M | $1.2M | +15.7% |
Summary: West Long Branch housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
| West Long Branch | $790K | $843.5K | +6.8% |
| Ocean Township | $700K | $737.3K | +5.3% |
| Long Branch | $735K | $765K | +4.1% |
| Oceanport | $777.4K | $779K | 0.2% |
| Eatontown | $500K | $463.9K | -7.2% |
Housing Supply in West Long Branch, NJ
How many homes are available in West Long Branch, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 43 | -2.3% |
Summary: The West Long Branch real estate market had 43 homes for sale in October 2024, a 2.3% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The West Long Branch 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West 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 4 homes were sold or pending in West Long Branch in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for West Long Branch, NJ
How long does it take to sell a home in West Long Branch, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 55 Days | +39.3% |
Summary: Homes in West Long Branch had an average of 55 days on market in Oct 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Long Branch has remained consistent over time.
Summary: During October 2024, 4 homes were sold in West Long Branch; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.