Is Parlin, 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, Parlin has remained a Seller's Market.
Housing Prices in Parlin, NJ
How much do homes in Parlin, NJ cost?
Median Sold Price
$448,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Parlin was $448,000 in May 2024, up 6.3% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $241.7K | $260.5K | +7.8% |
2 Bedrooms | $310K | $345K | +11.3% |
3 Bedrooms | $410K | $475K | +15.9% |
4 Bedrooms | $525K | $550K | +4.8% |
5+ Bedrooms | $600K | $665K | +10.8% |
Summary: Parlin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
Old Bridge | $500K | $563K | +12.6% |
Matawan | $451.3K | $505K | +11.9% |
Old Bridge Township | $462.5K | $515K | +11.4% |
Sayreville | $415.6K | $450K | +8.3% |
Parlin | $421.5K | $448K | +6.3% |
Housing Supply in Parlin, NJ
How many homes are available in Parlin, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 64 | +18.5% |
Summary: The Parlin real estate market had 64 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 22 | 29 | +31.8% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Parlin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Parlin in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 0% were sold under asking, 27% were sold at asking, and 73% were sold over asking.
Days on Market for Parlin, NJ
How long does it take to sell a home in Parlin, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 19 Days | -35.5% |
Summary: Homes in Parlin had an average of 19 days on market in May 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Parlin; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.