Is Cream Ridge, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cream Ridge was a Seller's Market.
Housing Prices in Cream Ridge, NJ
How much do homes in Cream Ridge, NJ cost?
Median Sold Price
$597,500
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cream Ridge was $597,500 in May 2024, up 2.1% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61.7K | $62.5K | +1.2% |
2 Bedrooms | $359K | $345.5K | -3.8% |
3 Bedrooms | $471.2K | $485K | +2.9% |
4 Bedrooms | $800K | $725K | -9.4% |
5+ Bedrooms | $925K | $1.1M | +24.3% |
Summary: Cream Ridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 24.3%.
Median Sold Price Compared To Nearby Cities
Millstone Township | $760K | $885.4K | +16.5% |
Plumsted Township | $425K | $449.9K | +5.9% |
New Egypt | $425K | $449.9K | +5.9% |
Upper Freehold Township | $685K | $720K | +5.1% |
Cream Ridge | $585K | $597.5K | +2.1% |
Housing Supply in Cream Ridge, NJ
How many homes are available in Cream Ridge, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 35 | +52.2% |
Summary: The Cream Ridge real estate market had 35 homes for sale in May 2024, a 52.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Cream Ridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cream Ridge in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Cream Ridge, NJ
How long does it take to sell a home in Cream Ridge, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
101 Days | 37 Days | -63.3% |
Summary: Homes in Cream Ridge had an average of 37 days on market in May 2024, down by 63.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Cream Ridge; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.