Is Plumsted Township, 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, Plumsted Township has remained a Buyer's Market.
Key Takeaway
Plumsted Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Plumsted Township, NJ
How much do homes in Plumsted Township, NJ cost?
Median Sold Price
$449,990
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Plumsted Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Plumsted Township was $449,990 in May 2024, up 5.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $150K | +17.6% |
| 2 Bedrooms | $236.2K | $320.5K | +35.7% |
| 3 Bedrooms | $404.9K | $440.9K | +8.9% |
| 4 Bedrooms | $575K | $682.5K | +18.7% |
| 5+ Bedrooms | $535K | $540K | +0.9% |
Summary: Plumsted Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Plumsted Township | $425K | $449.9K | +5.9% |
| New Egypt | $425K | $449.9K | +5.9% |
| Upper Freehold Township | $685K | $720K | +5.1% |
| Jackson | $533K | $547.2K | +2.7% |
| Cream Ridge | $585K | $597.5K | +2.1% |
Housing Supply in Plumsted Township, NJ
How many homes are available in Plumsted Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 61 | +22.0% |
Summary: The Plumsted Township real estate market had 61 homes for sale in May 2024, a 22.0% increase 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 18 | 26 | +44.4% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Plumsted 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 decreased by 50%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plumsted Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Plumsted Township in May 2024, down by 50.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Plumsted Township, NJ
How long does it take to sell a home in Plumsted Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 20 Days | -59.7% |
Summary: Homes in Plumsted Township had an average of 20 days on market in May 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plumsted Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Plumsted Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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.