Freehold currently leans toward sellers, with the local market gauge showing a seller’s market. Months of supply sits at 2.8, which is below the level that would signal balanced conditions. At the same time, homes are spending a median of 36 days on the market in this rolling three-month view, giving buyers a bit more time than in past years.
Home prices have eased compared with a year ago, even as values stay relatively high. The typical home value over the latest three-month period is about $455,000, down roughly 13% year over year. Median list prices are also lower than a year ago by about 5%, suggesting sellers are pricing more cautiously to meet buyers where they are.
Activity patterns show a mixed picture of supply and demand. Active listings are down about 11% year over year, while new listings and pending sales have both fallen by close to 30%, pointing to fewer owners listing and fewer deals being put under contract. Despite that slowdown, roughly 40% of recent sales still close above asking price, and the average sale-to-list ratio is just under 100%, indicating many sellers are still achieving near-full price. Buyers and sellers who want to navigate these shifting dynamics in Freehold can turn to Agent Pronto to connect with an experienced local real estate agent who understands this market.
