The Long & Foster Market Minute

Focus On: Plumsted, Jackson and Lakehurst Housing Market March 2021

Zip Code(s): 08533, 08733 and 08527
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 12%
Vs. Year Ago
Down -63%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -53%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 96 sold this month in Plumsted, Jackson and Lakehurst Real Estate versus 81 last month, an increase of 19%. This month's total units sold was higher than at this time last year, an increase of 12% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 233 units or 63%. The total number of active inventory this March was 134 compared to 367 in March 2020. This month's total of 134 is lower than the previous month's total supply of available inventory of 151, a decrease of 11%.

Median Sale Price
Last March, the median sale price for Plumsted, Jackson and Lakehurst Homes was $336,000. This March, the median sale price was $408,500, an increase of 22% or $72,500 compared to last year. The current median sold price is 3% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 6%
Vs. Year Ago
Up 30%
Vs. Year Ago
Up 3.8%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In March, there was 1.4 months of supply available in Plumsted, Jackson and Lakehurst, compared to 4.3 in March 2020. That is a decrease of 67% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 136 homes newly listed for sale in Plumsted, Jackson and Lakehurst compared to 128 in March 2020, an increase of 6%. There were 122 current contracts pending sale this March compared to 94 a year ago. The number of current contracts is 30% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Plumsted, Jackson and Lakehurst was 101.8% of the average list price, which is 3.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 38, lower than the average last year, which was 81, a decrease of 53%.

The Long & Foster Market Minute Plumsted, Jackson and Lakehurst are defined as properties listed in zip code/s 08533, 08733 and 08527.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by MOMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MOMLS or Long & Foster Real Estate, Inc.