Is Middle Township, 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, Middle Township was a Buyer's Market.
Housing Prices in Middle Township, NJ
How much do homes in Middle Township, NJ cost?
Median Sold Price
$375,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Middle Township was $375,000 in May 2024, up 1.4% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.4K | $170K | +28.4% |
2 Bedrooms | $300K | $275K | -8.3% |
3 Bedrooms | $387.4K | $419.9K | +8.4% |
4 Bedrooms | $515K | $445K | -13.6% |
5+ Bedrooms | $800K | $758.5K | -5.2% |
Summary: Middle Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Middle Township | $370K | $375K | +1.4% |
Cape May Court House | $427.5K | $380K | -11.1% |
North Wildwood | $410K | $360K | -12.2% |
Housing Supply in Middle Township, NJ
How many homes are available in Middle Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Summary: The Middle Township real estate market had 39 homes for sale in May 2024, a 2.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 20 | 14 | -30.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Middle Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Middle Township in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Middle Township, NJ
How long does it take to sell a home in Middle Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 53 Days | +185.5% |
Summary: Homes in Middle Township had an average of 53 days on market in May 2024, up by 185.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Middle Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.