$7,066 Closing Credit*
$595,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: BHHS FOX & ROACH
Is Califon, 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, Califon was a Seller's Market.
Key Takeaway
Califon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Califon, NJ
How much do homes in Califon, NJ cost?
Median Sold Price
$762,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$194,000(+34.2%)
Key Takeaway
Homes in Califon have sold for 34.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151.5K | - | N/A |
| 2 Bedrooms | $310K | $395K | +27.4% |
| 3 Bedrooms | $485K | $500K | +3.1% |
| 4 Bedrooms | $778K | $800K | +2.8% |
| 5+ Bedrooms | $1.2M | $1.3M | +7.9% |
Summary: Califon 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 27.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Califon | $568K | $762K | +34.2% |
| Tewksbury Township | $800K | $987.5K | +23.4% |
| Lebanon Township | $560.5K | $674.9K | +20.4% |
Housing Supply in Califon, NJ
How many homes are available in Califon, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Summary: The Califon real estate market had 26 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Califon 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 increased by 100%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Califon, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Califon in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Califon, NJ
We’re sorry, we don't have information for this market at the moment
