$9,144 Closing Credit*
$770,000
2 Beds
•2 Full Baths
Jie Chan Chen, Listing Office: Weichert Realtors, Ridgewood
Is Allendale, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Allendale was a Neutral Market.
Key Takeaway
Allendale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allendale, NJ
How much do homes in Allendale, NJ cost?
Median Sold Price
$969,999
-
Based on all homes sold in December 2024.
Difference Since Last Month
-$27,500(-2.8%)
Key Takeaway
Homes in Allendale have sold for 2.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $820K | $999.9K | +22.0% |
| 4 Bedrooms | $997.5K | $940K | -5.8% |
| 5+ Bedrooms | $2.8M | $1.1M | -58.6% |
Summary: Allendale housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 22%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 58.6%.
Housing Supply in Allendale, NJ
How many homes are available in Allendale, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Allendale real estate market had 16 homes for sale in December 2024, a 11.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Allendale housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Allendale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Allendale in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Allendale, NJ
We’re sorry, we don't have information for this market at the moment
