$7,363 Closing Credit*
$620,000
6 Beds
•2 Full Baths
Listing Office: UNITED REAL ESTATE
Is Broadway, 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, Broadway was a Seller's 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
$324,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$74,500(+29.8%)
Key Takeaway
Homes in Broadway have sold for 29.8% more than they did a year ago.
Summary: The median home sold price in Broadway was $324,500 in October 2024, up 29.8% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209K | $194.7K | -6.8% |
| 2 Bedrooms | $280K | $315K | +12.5% |
| 3 Bedrooms | $384K | $445.5K | +16.0% |
| 4 Bedrooms | $675K | $925K | +37.0% |
| 5+ Bedrooms | $580K | $977.5K | +68.5% |
Summary: Broadway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 37%, and 5+ bedroom homes increased by 68.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Broadway | $250K | $324.5K | +29.8% |
| Athenia | $480K | $510K | +6.3% |
| Dutch Hill | $450K | $475.5K | +5.7% |
Housing Supply in Broadway, NJ
How many homes are available in Broadway, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Broadway real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Broadway housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Broadway in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Broadway, NJ
We’re sorry, we don't have information for this market at the moment
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