Current Market Overview As of May 2024, Morris County, NJ, is experiencing a robust real estate market, leaning towards a seller’s market across various property types, including single-family homes, condos, townhouses, and apartments. Key Data Points Median Sold Price: There’s a noticeable increase, with the median sold price reaching $705,000, marking a 10.16% month-over-month growth. This indicates strong buyer demand and a competitive market. List to Sold Price Ratio: Properties are selling for 106.7% of their list price on average, slightly up by 0.97% from the previous month, suggesting that many homes are selling above their asking price. Median Days […]
Northwestern New Jersey - Real Estate Market Trends
Welcome to the pulse of Northwestern NJ real estate! Dive deep into the latest trends, statistics, and insights that define our vibrant housing market. Whether you’re a buyer, seller, or just a curious neighbor, our comprehensive analysis provides a clear overview of the current market dynamics. From median home prices, sales volume, and inventory levels to neighborhood comparisons and seasonal fluctuations, we’ve got you covered. Stay informed, make data-driven decisions, and navigate the Northwestern NJ real estate landscape with confidence. Updated monthly, our market trends page is your go-to source for all things real estate in the Northwestern NJ counties of Morris, Sussex, and Warren.
Real Estate Market Trends by County
Real Estate Market Snapshot
Morris County, New Jersey
Current Market Overview Morris County’s real estate market is showing significant strength and dynamism as we move further into 2024. The data indicates a robust seller’s market, characterized by quick sales and high demand. Key Data Points Median Sold Price: The median sold price for properties (including single-family homes, condos, townhomes, and apartments) is currently at $640,000, showing a 1.54% increase month-over-month. Days on Market: Properties are selling quickly, with the median number of days on the market standing at 14, a decrease of 6.67% from the previous month. Price per Square Foot: The average price per square foot has […]
Current Market Overview As of March 2024, Morris County’s residential real estate market is experiencing significant upward trends in prices and demand, categorizing it as a Seller’s market. The data indicates robust activity with rapid sales and increasing property values, suggesting a favorable environment for sellers. Key Data Points Median Sold Price: The median sold price for properties (SF + Condo/TH/Apt) in March 2024 was $650,000, marking an 11.11% increase from the previous month. Median Estimated Property Value: The median estimated value of properties slightly decreased by 0.3% from the previous month to $629,700, but has grown by 7.9% over […]
Real Estate Market Snapshot
Sussex County, New Jersey
Current Market Overview As of May 2024, Sussex County’s real estate market remains vibrant and dynamic, presenting several interesting trends and opportunities for both buyers and sellers. The data reflects a robust seller’s market, characterized by high demand and swiftly moving inventory. Key Data Points Property Values: The median estimated property value has shown a steady increase, reaching $425,090, marking an 11.7% increase over the past year. This uptrend suggests strong market health and growing buyer interest in the area. Sales Activity: The median sold price for properties was $390,000, a 2.5% increase from the previous month. Notably, the average […]
Current Market Overview Sussex County’s real estate market is currently experiencing a vibrant phase with several key indicators pointing towards a seller’s market. Key Data Points Median Sold Price: The median sold price for properties in April 2024 was $400,000, marking a significant increase of 7.7% compared to the previous month. List to Sold Price Ratio: Homes are selling for 103.2% of their listed price, up 1.49% month-over-month, indicating strong demand and possibly multiple offer situations. Days on Market: Properties are selling faster, with a median of 21 days on the market, a decrease of 16% from the prior month. […]
Current Market Overview The real estate market in Sussex County, New Jersey, as of March 2024, displays strong growth signals, making it a dynamic environment for both buyers and sellers. Analyzing the comprehensive data from the Realtors Property Resource, we observe key trends that can help prospective buyers, sellers, and investors make informed decisions. Market Dynamics Median Estimated Property Value: The median estimated property value for properties in Sussex County (including single-family homes, condos, townhomes, and apartments) has shown a significant increase of 11.5% over the past 12 months, reaching $420,730. This suggests a strong upward trend in property values, […]
Real Estate Market Snapshot
Warren County, New Jersey
Current Market Overview Warren County, NJ, continues to exhibit a strong real estate market as of May 2024, characterized by increasing property values and a competitive environment favoring sellers. Key indicators such as the median sold price, the list-to-sold price ratio, and inventory levels present a robust market with significant buyer interest. Market Dynamics Median Sold Price: The median sold price for properties in May 2024 stood at $408,000, marking a slight increase of 0.74% from the previous month. This trend highlights a steady appreciation in property values, making Warren County an attractive area for investors and homeowners alike. List-to-Sold […]
Current Market Overview Warren County’s real estate market is currently showing significant signs of growth and seller advantage. Key Data Points Median Sold Price: The median sold price of properties, encompassing single-family homes and condos/townhomes/apartments, has risen to $405,000, reflecting a 5.19% increase month-over-month (MoM). This indicates a robust demand and upward pressure on prices. List to Sold Price Ratio: Properties are selling at 103.4% of their list price, up by 1.71% MoM. This suggests that bidding wars and competitive offers are common, often driving final sales prices above initial asking prices. Days on Market: Properties are moving quickly, with […]
Current Market Overview The real estate market in Warren County, NJ, as of March 2024, presents a dynamic environment primarily characterized as a seller’s market. This report summarizes key trends and data from the latest market analysis to assist potential buyers, sellers, and investors in understanding the current landscape. Key Market Indicators Median Sold Price: The median sold price for properties in March was $390,695, which is a significant increase of 16.28% from the previous month. This suggests a robust demand and potentially quick appreciation in property values in the area. List-to-Sold Price Ratio: Properties are generally selling for 101.7% […]
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RE/MAX Select
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Keith LaBrunda
Real Estate Sales Associate
Cell: 973-476-4182
RE/MAX Select
Office: 973-625-0450
RE/MAX Select - Rockaway, NJ
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Current Market Overview Warren County, NJ, continues to exhibit a strong real estate market as of May 2024, characterized by increasing property values and a competitive environment favoring sellers. Key indicators such as the median sold price, the list-to-sold price
Current Market Overview As of May 2024, Sussex County’s real estate market remains vibrant and dynamic, presenting several interesting trends and opportunities for both buyers and sellers. The data reflects a robust seller’s market, characterized by high demand and swiftly
Current Market Overview As of May 2024, Morris County, NJ, is experiencing a robust real estate market, leaning towards a seller’s market across various property types, including single-family homes, condos, townhouses, and apartments. Key Data Points Median Sold Price: There’s
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