Is Stafford 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, Stafford Township has remained a Seller's Market.
Housing Prices in Stafford Township, NJ
How much do homes in Stafford Township, NJ cost?
Median Sold Price
$520,133
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Stafford Township was $520,133 in May 2024, up 10.1% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $150K | -0.7% |
2 Bedrooms | $277.5K | $316K | +13.9% |
3 Bedrooms | $434K | $478K | +10.1% |
4 Bedrooms | $645K | $657.5K | +1.9% |
5+ Bedrooms | $650K | $742.4K | +14.2% |
Summary: Stafford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
West Creek | $360K | $588.5K | +63.5% |
Long Beach Township | $1.6M | $1.7M | +10.9% |
Stafford Township | $472.5K | $520.1K | +10.1% |
Manahawkin | $475.3K | $515.8K | +8.5% |
Barnegat Township | $425K | $445K | +4.7% |
Housing Supply in Stafford Township, NJ
How many homes are available in Stafford Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
173 | 188 | +8.7% |
Summary: The Stafford Township real estate market had 188 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 30 | 31 | +3.3% |
3 Bedrooms | 68 | 81 | +19.1% |
4 Bedrooms | 47 | 51 | +8.5% |
5+ Bedrooms | 26 | 23 | -11.5% |
Summary: The Stafford 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 3.3%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 51 | +45.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Stafford Township in May 2024, up by 45.7% month-over-month. Of the 51 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for Stafford Township, NJ
How long does it take to sell a home in Stafford Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 20 Days | -56.1% |
Summary: Homes in Stafford Township had an average of 20 days on market in May 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 51 homes were sold in Stafford Township; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.