Is Greenwich Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greenwich Township has remained a Seller's Market.
Housing Prices in Greenwich Township, NJ
How much do homes in Greenwich Township, NJ cost?
Median Sold Price
$486,250
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greenwich Township was $486,250 in May 2024, down 7.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180.3K | $236.9K | +31.4% |
3 Bedrooms | $379.1K | $352.5K | -7.0% |
4 Bedrooms | $562.4K | $583K | +3.7% |
5+ Bedrooms | $585K | $660K | +12.8% |
Summary: Greenwich Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.4%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $295K | $360K | +22.0% |
Lopatcong Township | $307K | $369K | +20.2% |
Bloomsbury | $470K | $485K | +3.2% |
Stewartsville | $432K | $412.5K | -4.5% |
Greenwich Township | $525K | $486.2K | -7.4% |
Housing Supply in Greenwich Township, NJ
How many homes are available in Greenwich Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 20 | -13.0% |
Summary: The Greenwich Township real estate market had 20 homes for sale in May 2024, a 13.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Greenwich Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Greenwich Township in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Greenwich Township, NJ
How long does it take to sell a home in Greenwich Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
81 Days | 25 Days | -69.1% |
Summary: Homes in Greenwich Township had an average of 25 days on market in May 2024, down by 69.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Greenwich Township; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.