Is Matawan, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Matawan has remained a Seller's Market.
Key Takeaway
Matawan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Matawan, NJ
How much do homes in Matawan, NJ cost?
Median Sold Price
$505,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Matawan have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Matawan was $505,000 in May 2024, up 11.9% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $252K | +17.2% |
| 2 Bedrooms | $302.5K | $330K | +9.1% |
| 3 Bedrooms | $495K | $515K | +4.0% |
| 4 Bedrooms | $650K | $680K | +4.6% |
| 5+ Bedrooms | $630K | $725K | +15.1% |
Summary: Matawan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Keyport | $385K | $455.2K | +18.3% |
| Matawan | $451.5K | $507.7K | +12.4% |
| Matawan | $451.3K | $505K | +11.9% |
| Aberdeen Township | $444.6K | $495.7K | +11.5% |
| Cliffwood | $445K | $426K | -4.3% |
Housing Supply in Matawan, NJ
How many homes are available in Matawan, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 105 | 111 | +5.7% |
Summary: The Matawan real estate market had 111 homes for sale in May 2024, a 5.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 14 | -12.5% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 29 | 40 | +37.9% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Matawan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 35 | +52.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Matawan, you could pay more than the asking price. 65.7% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Matawan in May 2024, up by 52.2% month-over-month. Of the 35 sold homes, 6% were sold under asking, 29% were sold at asking, and 66% were sold over asking.
Days on Market for Matawan, NJ
How long does it take to sell a home in Matawan, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 27 Days | -2.6% |
Summary: Homes in Matawan had an average of 27 days on market in May 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Matawan are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Matawan; 77% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
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.