$16,999,999
8 Beds
•9 Full Baths, 2 Partial
Listing Office: REALTY ONE GROUP LEGEND
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 October 2023
Since last year, Cedar Grove Township has remained a Seller's Market.
Key Takeaway
Cedar Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Grove Township, NJ
How much do homes in Cedar Grove Township, NJ cost?
Median Sold Price
$720,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,000(+7.9%)
Key Takeaway
Homes in Cedar Grove Township have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Cedar Grove Township was $720,000 in October 2024, up 7.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $289K | N/A |
| 2 Bedrooms | $461.2K | $620.5K | +34.5% |
| 3 Bedrooms | $635K | $659K | +3.8% |
| 4 Bedrooms | $759.9K | $910.1K | +19.8% |
| 5+ Bedrooms | $827.4K | $1.1M | +36.9% |
Summary: Cedar Grove Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 36.9%.
Median Sold Price Compared To Nearby Cities
| North Caldwell | $837.5K | $950K | +13.4% |
| Cedar Grove | $662.6K | $727.2K | +9.7% |
| Cedar Grove Township | $667K | $720K | +7.9% |
| Little Falls | $515K | $515K | 0.0% |
| Little Falls Township | $505K | $503K | -0.4% |
Housing Supply in Cedar Grove Township, NJ
How many homes are available in Cedar Grove Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Cedar Grove Township real estate market had 42 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Cedar Grove Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
7 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. 77.8% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Cedar Grove Township in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% 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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