What’s happening in the Freehold Condo RealEstate Market?
Freehold Condo Real Estate Market
Are you thinking of either buying or selling a condo in Freehold? If yes, it may help to have info regarding today’s Are you thinking of either buying or selling a condo in Freehold? If yes, it may help to have info regarding today’s Freehold Condo RealEstate Market. There are nine condo complexes in Freehold Township and three more in Freehold Boro. In total, there are more than 3800 condos in the two towns.
Freehold Township Condos
As of today,4/24/19, there are 32 condos (or townhouses) for sale. This is only 1% of the 3,400 + total homes that are for sale. 25 condos are under contract, which means they’re sold and waiting to close. And last, 72 condos have sold in the past 6 months. The average condo for sale in Freehold Township has been on the market for 38 days. At the current rate, there’s about a 90 day supply of available condos. At this rate, if no new listings become available, there won’t be any condos for sale in Freehold Township in 90 days. The common belief is that in a normal market, we have, at any time, a 180 day supply of available homes. What this all boils down to is, we are in a sellers market in Freehold Township.
Freehold Boro Condos
Again, as of today, 4/24/19, there are 5 condos (or townhouses) for sale in Freehold Boro. Freehold Boro has a total of about 350 condos, so about 1.5% of them are for sale. Only 3 condos are under contract and 17 have sold in the past 6 months. In short, Freehold Boro’s condos are also in a sellers market.
Monmouth County Condos
No now you have the current info on today’s Freehold Condo RealEstate Market. In fact, the entire county’s condo market is in a sellers market. If you’re looking to sell a condo, you shouldn’t have any issues with selling it quickly for a great price. And if you’d like to know what the sales price should be, give us a call. We’ll be glad to provide a current market analysis for you.
However, if you’re looking to buy you need to be prepared. Because there are other buyers out there looking to buy the same condo that you’re looking for. Give us a call, because we’re helped hundreds of people in your situation find their new home.
Are you looking for a condo in other Monmouth County towns?
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