$9,203 Closing Credit*
$775,000
7 Beds
•3 Full Baths
Listing Office: HOMEQUEST REALTY GROUP LLC
Is East Orange, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, East Orange was a Seller's Market.
Key Takeaway
East Orange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Orange, NJ
How much do homes in East Orange, NJ cost?
Median Sold Price
$437,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,000(+13.5%)
Key Takeaway
Homes in East Orange have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in East Orange was $437,000 in November 2024, up 13.5% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $187.5K | +20.2% |
| 2 Bedrooms | $227K | $307.5K | +35.5% |
| 3 Bedrooms | $372.5K | $420K | +12.8% |
| 4 Bedrooms | $442.5K | $465K | +5.1% |
| 5+ Bedrooms | $411K | $500K | +21.7% |
Summary: East Orange housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 35.5%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Orange | $370K | $453.4K | +22.5% |
| City Of Orange Township | $370K | $453.4K | +22.5% |
| East Orange | $385K | $437K | +13.5% |
| Newark | $360K | $400K | +11.1% |
| South Orange Village Township | $965K | $992.5K | +2.8% |
Housing Supply in East Orange, NJ
How many homes are available in East Orange, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 154 | 167 | +8.4% |
Summary: The East Orange real estate market had 167 homes for sale in November 2024, a 8.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 69 | 82 | +18.8% |
Summary: The East Orange housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Orange, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in East Orange in November 2024, the same as the previous month. Of the 20 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for East Orange, NJ
How long does it take to sell a home in East Orange, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Orange are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in East Orange; 5% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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