$10,000 Closing Credit*
$1,399,000
6 Beds
•4 Full Baths
Listing Office: WEICHERT REALTORS WESTFIELD
Is Cranford Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Cranford Township has remained a Seller's Market.
Key Takeaway
Cranford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cranford Township, NJ
How much do homes in Cranford Township, NJ cost?
Median Sold Price
$745,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$70,000(+10.4%)
Key Takeaway
Homes in Cranford Township have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Cranford Township was $745,000 in December 2024, up 10.4% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $264K | $350K | +32.6% |
| 2 Bedrooms | $411K | $419K | +1.9% |
| 3 Bedrooms | $610.5K | $706K | +15.6% |
| 4 Bedrooms | $735K | $826K | +12.4% |
| 5+ Bedrooms | $925K | $1.1M | +23.0% |
Summary: Cranford Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
| Garwood | $529.5K | $673K | +27.1% |
| Cranford Township | $675K | $745K | +10.4% |
| Cranford | $675.3K | $745K | +10.3% |
| Roselle Park | $480K | $505K | +5.2% |
| Kenilworth | $552.5K | $580.3K | +5.0% |
Housing Supply in Cranford Township, NJ
How many homes are available in Cranford Township, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 52 | 42 | -19.2% |
Summary: The Cranford Township real estate market had 42 homes for sale in December 2024, a 19.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 22 | 17 | -22.7% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Cranford Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cranford Township, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Cranford Township in December 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Cranford Township, NJ
We’re sorry, we don't have information for this market at the moment
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