$4,869 Closing Credit*
$410,000
2,400 SqFt
Kevin L Dooley, Listing Office: Graham/Hearst Real Estate Company
Is Deerfield Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Deerfield Township was a Buyer's Market.
Key Takeaway
Deerfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deerfield Township, NJ
How much do homes in Deerfield Township, NJ cost?
Median Sold Price
$349,500
$206/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$57,000(+19.5%)
Key Takeaway
Homes in Deerfield Township have sold for 19.5% more than they did a month ago.
Summary: The median home sold price in Deerfield Township was $349,500 in October 2024, up 19.5% from last month, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $250K | +8.7% |
| 3 Bedrooms | $355K | $325K | -8.5% |
| 4 Bedrooms | - | $437.2K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Deerfield Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Deerfield Township, NJ
How many homes are available in Deerfield Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Deerfield Township real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Deerfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deerfield Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Deerfield Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Deerfield Township, NJ
How long does it take to sell a home in Deerfield Township, NJ?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 29 Days | +75.8% |
Summary: Homes in Deerfield Township had an average of 29 days on market in Oct 2024, up by 75.8% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Deerfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Deerfield Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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