Is Byram Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Byram Township was a Seller's Market.
Housing Prices in Byram Township, NJ
How much do homes in Byram Township, NJ cost?
Median Sold Price
$447,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Byram Township was $447,000 in May 2024, up 7.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $263.5K | $301K | +14.2% |
3 Bedrooms | $394.9K | $410K | +3.8% |
4 Bedrooms | $530K | $575.5K | +8.6% |
5+ Bedrooms | $590K | $809.5K | +37.2% |
Summary: Byram Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 37.2%.
Median Sold Price Compared To Nearby Cities
Stanhope | $335K | $390K | +16.4% |
Andover | $437.4K | $502.5K | +14.9% |
Hopatcong | $343.7K | $385K | +12.0% |
Landing | $406K | $445K | +9.6% |
Byram Township | $414.5K | $447K | +7.8% |
Housing Supply in Byram Township, NJ
How many homes are available in Byram Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 48 | +60.0% |
Summary: The Byram Township real estate market had 48 homes for sale in May 2024, a 60.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 11 | 23 | +109.1% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Byram Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 109.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Byram Township in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Byram Township, NJ
How long does it take to sell a home in Byram Township, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Byram Township; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.