Real Estate Market Trends Report for Warren County, NJ – January 2025

Current Market Overview: January 2025 Analysis

Welcome to the latest real estate market update for Warren County, New Jersey, brought to you by Countryside Homes NJ and RE/MAX Town & Valley. As we dive into the data for January 2025, provided by RE/MAX Select and Realtors Property Resource (RPR), we’ll explore the current trends for single-family homes, condos, townhouses, and apartments. This comprehensive analysis will cover market conditions, inventory levels, pricing trends, and more to help buyers, sellers, and investors make informed decisions. Let’s break it down!

Warren County Residential Market Trends - Realtors Property Resource - January 2025

Market Overview: A Seller’s Market Persists

Warren County remains firmly in a seller’s market as of January 2025, characterized by low inventory and strong demand. The Months Supply of Inventory (MSI) stands at 1.51 months, a key indicator of market health. This figure represents a 10.1% decrease month-over-month (MoM) and a significant 20.1% drop year-over-year (YoY). For context, a balanced market typically has 4–6 months of inventory, while anything below 4 months favors sellers. At 1.51 months, inventory is extremely tight, giving sellers a strong advantage with limited competition and heightened buyer interest.

New Listings: Steady Pricing with Modest Growth

In January 2025, the median list price for new listings was $399,450, showing a slight 0.1% increase MoM. This stability suggests that sellers are pricing properties competitively, aligning with current market demand. Over the past five years (since January 2020), the median list price has trended upward, reflecting Warren County’s growing appeal as a residential destination. While the MoM change is minimal, the long-term trajectory indicates sustained value appreciation—a promising sign for homeowners and investors alike.

Active Listings: Prices Hold Firm Despite Inventory Dip

The median list price for active listings in January 2025 was $399,900, down 5.9% MoM. This decline could reflect seasonal adjustments or a shift in the mix of available properties, such as a higher proportion of smaller condos or townhouses. Despite the drop, the median price remains robust, hovering near $400,000, which underscores the resilience of Warren County’s market. Active listings represent properties currently on the market, and their pricing trends suggest that sellers are maintaining confidence even as inventory tightens further.

New Pending Listings: Demand Surges

New pending listings—properties that have gone under contract but not yet closed—provide insight into buyer activity. In January 2025, the median list price for new pending listings was $389,000, down 8.5% MoM. However, the number of properties increased by 7.6% MoM to 71, signaling robust buyer demand. Other key metrics include:

Median Days in RPR: 37 days, down 15.6% MoM, indicating properties are moving faster.
Median Price per Square Foot: $226, up 1.7% MoM.
Total Dollar Volume: $30,414,849, up 2.9% MoM.
Median Living Area: 1,709 sqft, down 4.9% MoM.

The drop in median days on market (37 days) highlights how quickly buyers are acting, a hallmark of a competitive seller’s market. The slight increase in price per square foot and total dollar volume further reflects strong buyer willingness to invest in Warren County properties.

Pending Listings: A Growing Pipeline

Pending listings, which include all properties under contract, show a median list price of $399,000, down 2.7% MoM, with a total of 123 properties (up 5.1% MoM). Additional details include:

Median Days in RPR: 58 days, unchanged MoM.
Median Price per Square Foot: $222, down 3.9% MoM.
Total Dollar Volume: $53,221,149, up 1.2% MoM.
Median Living Area: 1,784 sqft, up 3.2% MoM.

The increase in the number of pending listings and total dollar volume suggests a healthy pipeline of transactions heading toward closing. However, the unchanged median days on market (58 days) indicates that some properties may linger longer before going under contract, possibly due to pricing adjustments or buyer selectivity.

Sold Listings: Prices Soar, Speed Accelerates

The median sold price for January 2025 was $432,450, up an impressive 8.8% MoM and a staggering 38.3% YoY. This significant appreciation reflects both rising demand and a willingness among buyers to pay premium prices. Key metrics include:

Median Days in RPR: 29 days, down 6.5% MoM.
Median Price per Square Foot: $241, up 2.6% MoM.
Total Dollar Volume: $26,227,488, down 36% MoM.

The sharp YoY increase in median sold price highlights Warren County’s strong market momentum, while the reduced days on market (29 days) reinforces buyer urgency. However, the 36% MoM drop in total dollar volume could indicate fewer transactions closed in January compared to December, possibly due to seasonal slowdowns typical of the winter months.

Sold Public Records: Even Higher Gains

Public records data, which often lags slightly behind MLS data, shows a median sold price of $441,750, up 13.3% MoM. This figure aligns closely with the MLS sold listings data, confirming the upward pricing trend. The slight difference may reflect variations in property types or final closing adjustments captured in public records. Either way, the double-digit MoM growth underscores Warren County’s hot market status.

Key Takeaways for Buyers, Sellers, and Investors

For Sellers: The 1.51 months of inventory and rising sold prices create an ideal environment to list your property. With homes selling in under 30 days on average (sold listings), pricing competitively can attract multiple offers and maximize returns.
For Buyers: Act quickly and be prepared to pay above asking price, as evidenced by the 101.2% sale-to-list price ratio (from Page 1). The tight inventory means competition is fierce, so working with a skilled real estate agent is essential to secure your dream home.
For Investors: The combination of low inventory, strong price appreciation (38.3% YoY for sold listings), and steady demand makes Warren County an attractive market for long-term investment, particularly in single-family homes and condos.

What’s Driving These Trends?

Several factors contribute to Warren County’s robust real estate market in January 2025:

Proximity to Urban Centers: Warren County offers a rural-suburban lifestyle with reasonable commutes to New York City and Philadelphia, appealing to hybrid workers and families seeking space.
Limited Supply: The 20.1% YoY drop in months of inventory reflects a persistent shortage of available homes, driving prices higher.
Seasonal Dynamics: While January is typically slower, the data suggests buyers remain active, possibly capitalizing on lower competition compared to peak seasons.

Bottom Line

As we move into 2025, Warren County’s real estate market shows no signs of cooling. Sellers will likely continue to benefit from low inventory and high demand, while buyers may face challenges securing properties at their desired price points. At Countryside Homes NJ and RE/MAX Town & Valley, we’re here to guide you through these trends with expert advice and personalized service. Whether you’re buying, selling, or investing, Contact us today to navigate this dynamic market with confidence.

Stay tuned for next month’s update as we track how these trends evolve. For now, Warren County remains a seller’s paradise—and a golden opportunity for those ready to act.

Data Source: Realtors Property Resource, LLC (January 2025 Market Trends Report)

Client Testimonials for Countryside Homes NJ

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