$8,906 Closing Credit*
$750,000
3 Beds
•2 Full Baths, 1 Partial
Nush Gjokaj, Listing Office: Erealty Group LLC
Is Dumont, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Dumont was a Seller's Market.
Key Takeaway
Dumont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dumont, NJ
How much do homes in Dumont, NJ cost?
Median Sold Price
$575,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+11.7%)
Key Takeaway
Homes in Dumont have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Dumont was $575,000 in October 2024, up 11.7% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $434.5K | $485K | +11.6% |
| 3 Bedrooms | $515K | $577.5K | +12.1% |
| 4 Bedrooms | $537.5K | $622.5K | +15.8% |
| 5+ Bedrooms | $622.5K | $665K | +6.8% |
Summary: Dumont 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 11.6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in Dumont, NJ
How many homes are available in Dumont, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 25 | +108.3% |
Summary: The Dumont real estate market had 25 homes for sale in October 2024, a 108.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 14 | +366.7% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Dumont 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 remained the same, 3 bedroom homes increased by 366.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dumont, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Dumont in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Dumont, NJ
We’re sorry, we don't have information for this market at the moment
