$10,000 Closing Credit*
$1,499,900
5 Beds
•3 Full Baths, 2 Partial
Alma Billings, Listing Office: Weichert Realtors, Clifton
Is Bernardsville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bernardsville has remained a Seller's Market.
Key Takeaway
Bernardsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bernardsville, NJ
How much do homes in Bernardsville, NJ cost?
Median Sold Price
$999,000
$428/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$171,500(+20.7%)
Key Takeaway
Homes in Bernardsville have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Bernardsville was $999,000 in November 2024, up 20.7% from last year, and the median price per square foot was $428.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247K | $253K | +2.4% |
| 2 Bedrooms | $530K | $445K | -16.0% |
| 3 Bedrooms | $655K | $688K | +5.0% |
| 4 Bedrooms | $998K | $999.4K | 0.2% |
| 5+ Bedrooms | $1.7M | $1.6M | -4.2% |
Summary: Bernardsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Harding Township | $1.2M | $1.7M | +41.2% |
| Mendham | $820K | $1.1M | +37.0% |
| Mendham Township | $867.5K | $1.1M | +29.7% |
| Bernardsville | $827.5K | $999K | +20.7% |
| Peapack and Gladstone | $980K | $975K | -0.5% |
Housing Supply in Bernardsville, NJ
How many homes are available in Bernardsville, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 43 | -6.5% |
Summary: The Bernardsville real estate market had 43 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Bernardsville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bernardsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bernardsville in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Bernardsville, NJ
We’re sorry, we don't have information for this market at the moment
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