Is Nutley, 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, Nutley has remained a Seller's Market.
Housing Prices in Nutley, NJ
How much do homes in Nutley, NJ cost?
Median Sold Price
$581,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Nutley was $581,000 in May 2024, up 11.6% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $221K | $220.5K | -0.2% |
2 Bedrooms | $470K | $525K | +11.7% |
3 Bedrooms | $523.5K | $560K | +7.0% |
4 Bedrooms | $630K | $708K | +12.4% |
5+ Bedrooms | $752K | $810K | +7.7% |
Summary: Nutley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Bloomfield Township | $475K | $536K | +12.8% |
Bloomfield | $475K | $536K | +12.8% |
Nutley Township | $520.2K | $585K | +12.4% |
Nutley | $520.8K | $581K | +11.6% |
Belleville | $400K | $428K | +7.0% |
Housing Supply in Nutley, NJ
How many homes are available in Nutley, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 92 | +35.3% |
Summary: The Nutley real estate market had 92 homes for sale in May 2024, a 35.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 21 | 37 | +76.2% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Nutley 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 increased by 5.9%, 3 bedroom homes increased by 76.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Nutley in May 2024, up by 21.4% month-over-month. Of the 17 sold homes, 12% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Nutley, NJ
We’re sorry, we don't have information for this market at the moment