$7,897 Closing Credit*
$665,000
3 Beds
•2 Full Baths
Listing Office: COMPASS NEW JERSEY LLC
Is Boonton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Boonton Township was a Seller's Market.
Key Takeaway
Boonton Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Boonton Township, NJ
How much do homes in Boonton Township, NJ cost?
Median Sold Price
$649,450
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,450(+5.6%)
Key Takeaway
Homes in Boonton Township have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Boonton Township was $649,450 in November 2024, up 5.6% from last year, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $505K | N/A |
| 2 Bedrooms | $450.5K | $500K | +11.0% |
| 3 Bedrooms | $559K | $601K | +7.5% |
| 4 Bedrooms | $677K | $719K | +6.2% |
| 5+ Bedrooms | $955K | $980.5K | +2.7% |
Summary: Boonton Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Mountain Lakes | $957K | $1.1M | +14.9% |
| Rockaway Township | $451.5K | $515K | +14.1% |
| Boonton | $615K | $653K | +6.2% |
| Boonton Township | $615K | $649.4K | +5.6% |
| Denville Township | $565K | $595K | +5.3% |
Housing Supply in Boonton Township, NJ
How many homes are available in Boonton Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 46 | -8.0% |
Summary: The Boonton Township real estate market had 46 homes for sale in November 2024, a 8.0% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Boonton Township 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 decreased by 25%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boonton Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Boonton Township in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Boonton Township, NJ
We’re sorry, we don't have information for this market at the moment
