$8,549 Closing Credit*
$719,900
3 Beds
•2 Full Baths
Justin Kiliszek, Listing Office: Keller Williams Mid-Town Direct Realty, LLC
Is Cedar Grove 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, Cedar Grove Township was a Seller's Market.
Key Takeaway
Cedar Grove Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cedar Grove Township, NJ
How much do homes in Cedar Grove Township, NJ cost?
Median Sold Price
$750,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$87,350(+13.2%)
Key Takeaway
Homes in Cedar Grove Township have sold for 13.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $289K | N/A |
| 2 Bedrooms | $495K | $620.5K | +25.4% |
| 3 Bedrooms | $630K | $693K | +10.0% |
| 4 Bedrooms | $745.9K | $892.6K | +19.7% |
| 5+ Bedrooms | $827.4K | $1.1M | +38.4% |
Summary: Cedar Grove 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 25.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 38.4%.
Median Sold Price Compared To Nearby Cities
| North Caldwell | $837.5K | $975K | +16.4% |
| Cedar Grove | $659.7K | $750K | +13.7% |
| Cedar Grove Township | $662.6K | $750K | +13.2% |
| Little Falls Township | $505K | $509K | +0.8% |
| Little Falls | $515K | $515K | 0.0% |
Housing Supply in Cedar Grove Township, NJ
How many homes are available in Cedar Grove Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The Cedar Grove Township real estate market had 40 homes for sale in November 2024, a 11.1% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Cedar Grove 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Grove Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Cedar Grove Township in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Cedar Grove Township, NJ
We’re sorry, we don't have information for this market at the moment
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