Is Cliffside Park, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cliffside Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Cliffside Park has remained a Buyer's Market.

Key Takeaway

Cliffside Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cliffside Park, NJ

How much do homes in Cliffside Park, NJ cost?

Median Sold Price

$679,000

$521/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$761,000(-52.8%)

Key Takeaway

Homes in Cliffside Park have sold for 52.8% less than they did a month ago.

Summary: The median home sold price in Cliffside Park was $679,000 in November 2024, down 52.8% from last month, and the median price per square foot was $521.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$625K
N/A
3 $1.4M-
N/A
4 -$679K
N/A
5+ --
N/A

Summary: Cliffside Park housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cliffside Park, NJ

How many homes are available in Cliffside Park, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6580+23.1%

Summary: The Cliffside Park real estate market had 80 homes for sale in November 2024, a 23.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 610
+66.7%
2 2831
+10.7%
3 2128
+33.3%
4 67
+16.7%
5+ 44
0.0%

Summary: The Cliffside Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cliffside Park, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Cliffside Park in November 2024, up by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Cliffside Park, NJ

How long does it take to sell a home in Cliffside Park, NJ?

Average Sale Time

Oct 2024Nov 2024CHANGE
30 Days30 Days-0.8%

Summary: Homes in Cliffside Park had an average of 30 days on market in Nov 2024, down by 0.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Cliffside Park; 60% of homes were sold within 30 days, 40% 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

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