Is Sparta Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sparta Township was a Seller's Market.
Housing Prices in Sparta Township, NJ
How much do homes in Sparta Township, NJ cost?
Median Sold Price
$539,166
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sparta Township was $539,166 in May 2024, up 7.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $247.5K | -1.0% |
2 Bedrooms | $328.7K | $350K | +6.5% |
3 Bedrooms | $425.5K | $478K | +12.3% |
4 Bedrooms | $660K | $675K | +2.3% |
5+ Bedrooms | $965K | $923.2K | -4.3% |
Summary: Sparta Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Sparta | $501.2K | $544K | +8.5% |
Sparta Township | $502.5K | $539.1K | +7.3% |
Ogdensburg | $347K | $372.5K | +7.3% |
Lafayette | $445K | $425K | -4.5% |
Lafayette Township | $455K | $425K | -6.6% |
Housing Supply in Sparta Township, NJ
How many homes are available in Sparta Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 117 | +24.5% |
Summary: The Sparta Township real estate market had 117 homes for sale in May 2024, a 24.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 34 | 44 | +29.4% |
4 Bedrooms | 31 | 46 | +48.4% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Sparta Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 11 | -56.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Sparta Township in May 2024, down by 56.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Sparta Township, NJ
We’re sorry, we don't have information for this market at the moment