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

Current Market Overview: May 2025 Analysis

Welcome to the latest update on the Warren County, New Jersey real estate market, brought to you by Countryside Homes NJ and RE/MAX Town & Valley. This comprehensive analysis, based on the May 2025 data from the Realtors Property Resource (RPR), provides valuable insights into the current trends for single-family homes, condos, townhouses, and apartments in Warren County. Whether you’re a buyer, seller, or investor, understanding these market dynamics can help you make informed decisions in this vibrant market.

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

Overview: A Seller’s Market with Strong Demand

Warren County’s real estate market remains firmly in seller’s market territory as of May 2025, characterized by low inventory and high demand. With a Months Supply of Inventory (MSI) of 2.12 months, down 2.8% from the previous month and 5.8% from a year ago, properties are moving quickly. A low MSI indicates that the number of homes available is insufficient to meet buyer demand, giving sellers a competitive edge.

The median sold price for properties in May 2025 was $430,000, reflecting a significant 13.2% month-over-month (MoM) increase. This upward trend in pricing, coupled with a sold-to-list price ratio of 102.3% (up 0.82% MoM), suggests that homes are often selling above their asking price, likely due to competitive bidding in this tight market.

Key Market Metrics

Median Sold Price and Estimated Property Value

Median Sold Price: $430,000, up 13.2% MoM. This robust increase reflects strong buyer demand and limited inventory, pushing prices higher.
Median Estimated Property Value: $442,000, up 0.8% MoM and 7.9% year-over-year (YoY). This indicates that property values are appreciating steadily, outpacing the national and New Jersey averages shown in the RPR data.

The gap between the median sold price and estimated value suggests that while homes are selling at premium prices, there’s still room for appreciation, making Warren County an attractive market for long-term investment.

Inventory and Market Activity

Months Supply of Inventory: At 2.12 months, inventory remains critically low. A balanced market typically has 5–6 months of inventory, so this low figure underscores the seller’s advantage.
New Listings: The median list price for new listings was $409,000, up 3.8% MoM. This increase in list prices reflects sellers’ confidence in the market’s strength.
Active Listings: The median list price for active listings was $435,000, up 6.9% MoM, indicating that newer listings are being priced higher as sellers capitalize on demand.

Pending Listings

New Pending Listings: In May 2025, 111 properties went pending with a median list price of $439,900, up 10.7% MoM. The median days on RPR (Realtors Property Resource) for these properties was 19 days, an 11.8% MoM increase, suggesting that while homes are still selling quickly, some properties may be taking slightly longer to go under contract compared to the previous month.
Total Pending Listings: There were 179 pending listings with a median list price of $429,000, up 2.2% MoM. The median days on RPR remained steady at 18 days, and the total dollar volume of pending listings was $84,917,591, up 9.6% MoM.

The increase in pending listings (up 11.9% MoM) and total dollar volume indicates sustained buyer interest, with larger and potentially higher-priced homes entering the contract phase.

Sold Listings and Public Records

Sold Listings: The median sold price for closed transactions was $430,000, with a significant 13.2% MoM increase. This aligns with the competitive nature of the market, where buyers are willing to pay above asking prices to secure properties.
Sold Public Records: The median sold price in public records was $370,000, up 5.7% MoM. The discrepancy between RPR sold listings and public records may reflect differences in data sources or property types, as public records often lag behind real-time MLS data.

Price Per Square Foot and Living Area

New Pending Listings: The median price per square foot was $238, up 0.4% MoM, with a median living area of 1,870 square feet, up 17.8% MoM. This suggests that larger homes are entering the market, contributing to higher overall prices.
Total Pending Listings: The median price per square foot was $230, down 1.3% MoM, with a median living area of 1,785 square feet, up 6.5% MoM. The slight dip in price per square foot may indicate a mix of smaller or less expensive properties in the pending pool.

Market Dynamics: What’s Driving the Trends?

Seller’s Market Advantage

The low inventory (2.12 months) and high sold-to-list price ratio (102.3%) highlight a market where sellers have significant leverage. Homes are selling quickly, often with multiple offers, as evidenced by the median days on RPR of 18 days for sold listings (up 18.18% MoM). This slight increase in days on market may suggest that buyers are taking a bit more time to evaluate options, possibly due to higher prices or selective financing conditions.

Rising Prices and Property Values

The 13.2% MoM increase in median sold price and 7.9% YoY increase in estimated property value reflect strong appreciation driven by demand and limited supply. Warren County’s affordability compared to other parts of New Jersey, combined with its appeal as a suburban and semi-rural destination, continues to attract buyers from urban areas seeking more space and value.

Buyer Behavior

The sold-to-list price ratio of 102.3% indicates that buyers are willing to pay a premium to secure properties, often engaging in bidding wars. The increase in median list prices for new and active listings (3.8% and 6.9% MoM, respectively) suggests that sellers are responding to this demand by pricing properties more aggressively.

Inventory Constraints

The low MSI of 2.12 months underscores a persistent challenge: not enough homes are available to meet demand. This scarcity is driving competition and pushing prices higher. While new listings are entering the market, the pace is not sufficient to shift the balance toward a more neutral market.

Implications for Buyers, Sellers, and Investors

For Buyers

Act Quickly: With homes selling in a median of 18–19 days, buyers need to be prepared to make swift decisions. Pre-approval for financing and working with an experienced real estate agent can give you a competitive edge.
Expect Competition: The sold-to-list price ratio of 102.3% means you may need to offer above asking price to secure a property, especially for desirable homes.
Consider Long-Term Value: The 7.9% YoY increase in estimated property values suggests that Warren County remains a solid investment for long-term appreciation.

For Sellers

Price Strategically: The strong seller’s market allows for competitive pricing, but overpricing could deter buyers in a market where financing costs are a factor. Work with a local expert to set a realistic yet attractive list price.
Highlight Property Features: With larger homes (median 1,870 sqft for new pending listings) gaining traction, emphasize space, upgrades, and location to attract buyers.
Capitalize on Low Inventory: The low MSI means your property is likely to attract attention quickly, so ensure it’s market-ready to maximize offers.

For Investors

Appreciation Potential: The steady rise in property values (7.9% YoY) makes Warren County an attractive market for long-term investment, particularly for single-family homes and condos.
Monitor Inventory Trends: While inventory is tight, the increase in new and pending listings suggests a gradual influx of properties. Investors should watch for opportunities in up-and-coming areas within the county.
Rental Market Potential: With rising prices, some buyers may opt to rent, creating opportunities for investors to acquire properties for rental income.

Why Warren County?

Warren County continues to stand out as a desirable destination in New Jersey. Its blend of rural charm, proximity to major employment hubs, and relatively affordable pricing compared to neighboring counties makes it appealing for families, retirees, and commuters alike. The strong market trends—rising prices, low inventory, and quick sales—signal a robust and resilient real estate environment.

Looking Ahead

The Warren County real estate market in May 2025 is a dynamic seller’s market characterized by low inventory, rising prices, and strong buyer demand. With a median sold price of $430,000, a sold-to-list price ratio of 102.3%, and just 2.12 months of inventory, sellers hold the upper hand, while buyers face a competitive landscape. For those looking to buy, sell, or invest, now is the time to act strategically in this fast-moving market.

At Countryside Homes NJ and RE/MAX Town & Valley, we’re here to guide you through every step of your real estate journey. Whether you’re looking to buy your dream home, sell for top dollar, or invest in Warren County’s thriving market, our team of local experts is ready to help. Contact us today to learn more about how we can help you navigate these exciting market trends!

Data sourced from Realtors Property Resource, LLC, May 2025.

Client Testimonials for Countryside Homes NJ

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