$6,709 Closing Credit*
$565,000
3 Beds
•2 Full Baths
Listing Office: SIGNATURE REALTY NJ
Is Annandale, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Annandale was a Neutral Market.
Key Takeaway
Annandale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Annandale, NJ
How much do homes in Annandale, NJ cost?
Median Sold Price
$465,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,111(+5.9%)
Key Takeaway
Homes in Annandale have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Annandale was $465,000 in October 2024, up 5.9% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $250K | +11.1% |
| 2 Bedrooms | $336.5K | $400.5K | +19.0% |
| 3 Bedrooms | $500K | $554.9K | +11.0% |
| 4 Bedrooms | $637.5K | $825K | +29.4% |
| 5+ Bedrooms | $635.4K | $1.0M | +72.9% |
Summary: Annandale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 72.9%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $321.4K | $400K | +24.5% |
| Lebanon | $610K | $695K | +13.9% |
| Annandale | $438.8K | $465K | +5.9% |
| Clinton Township | $499K | $470K | -5.8% |
| Clinton | $450K | $340K | -24.4% |
Housing Supply in Annandale, NJ
How many homes are available in Annandale, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Annandale real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Annandale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Annandale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Annandale in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Annandale, NJ
How long does it take to sell a home in Annandale, NJ?
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
Key Takeaway
Many homes in Annandale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Annandale; 17% 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.
