$8,134 Closing Credit*
$685,000
3 Beds
•2 Full Baths
Listing Office: TURPIN REAL ESTATE, INC.
Is Berkeley Heights, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Berkeley Heights has remained a Seller's Market.
Key Takeaway
Berkeley Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berkeley Heights, NJ
How much do homes in Berkeley Heights, NJ cost?
Median Sold Price
$812,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$91,300(+12.7%)
Key Takeaway
Homes in Berkeley Heights have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Berkeley Heights was $812,000 in October 2024, up 12.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | - | N/A |
| 2 Bedrooms | $425K | $471.5K | +10.9% |
| 3 Bedrooms | $581.5K | $730K | +25.5% |
| 4 Bedrooms | $767.5K | $955.5K | +24.5% |
| 5+ Bedrooms | $985K | $1.0M | +7.2% |
Summary: Berkeley Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Watchung | $825K | $1.0M | +25.5% |
| Berkeley Heights Township | $725K | $817.5K | +12.8% |
| Berkeley Heights | $720.7K | $812K | +12.7% |
| New Providence | $799K | $880K | +10.1% |
Housing Supply in Berkeley Heights, NJ
How many homes are available in Berkeley Heights, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Summary: The Berkeley Heights real estate market had 29 homes for sale in October 2024, a 9.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Berkeley Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley Heights, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Berkeley Heights in October 2024, up by 30.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Berkeley Heights, NJ
We’re sorry, we don't have information for this market at the moment
