Is Clark Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clark Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Clark Township has remained a Seller's Market.

Key Takeaway

Clark Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clark Township, NJ

How much do homes in Clark Township, NJ cost?

Median Sold Price

$638,500

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,500(+1.3%)

Key Takeaway

Homes in Clark Township have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Clark Township was $638,500 in November 2024, up 1.3% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260K$296K
+13.8%
2 $410K$607.5K
+48.2%
3 $560K$598.5K
+6.9%
4 $670K$704.5K
+5.1%
5+ $850K$960K
+12.9%

Summary: Clark Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 48.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Cities

Rahway
+13.5%
Colonia
+8.3%
Clark Township
+1.3%
Clark
+1.1%

Housing Supply in Clark Township, NJ

How many homes are available in Clark Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5352-1.9%

Summary: The Clark Township real estate market had 52 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 11
0.0%
3 2117
-19.0%
4 2123
+9.5%
5+ 89
+12.5%

Summary: The Clark 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 decreased by 19%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clark Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Clark Township in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.

Days on Market for Clark Township, NJ

How long does it take to sell a home in Clark 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Clark Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Clark Township; 9% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Clark Township, NJ

Nearby Markets to Clark Township, NJ

What housing markets are near Clark Township, NJ?