$6,234 Closing Credit*
$525,000
4 Beds
•2 Full Baths
Alicia Nunez, Listing Office: Elite Realtors of New Jersey
Is Broadway, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Broadway was a Neutral Market.
Key Takeaway
Broadway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broadway, NJ
How much do homes in Broadway, NJ cost?
Median Sold Price
$320,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$62,500(+24.3%)
Key Takeaway
Homes in Broadway have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Broadway was $320,000 in September 2024, up 24.3% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $224.5K | +12.3% |
| 2 Bedrooms | $265K | $315K | +18.9% |
| 3 Bedrooms | $411.5K | $397.5K | -3.4% |
| 4 Bedrooms | $675K | $925K | +37.0% |
| 5+ Bedrooms | $580K | $977.5K | +68.5% |
Summary: Broadway housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 18.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 37%, and 5+ bedroom homes increased by 68.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Broadway | $257.5K | $320K | +24.3% |
| Athenia | $450K | $510K | +13.3% |
| Dutch Hill | $432K | $476K | +10.2% |
Housing Supply in Broadway, NJ
How many homes are available in Broadway, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Broadway real estate market had 16 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Broadway housing inventory by bedroom type for September 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 remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Broadway in September 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Broadway, NJ
We’re sorry, we don't have information for this market at the moment
