$2,968 Closing Credit*
$249,900
2 Beds
•2 Full Baths
Listing Office: S.T. ALLEN REALTY CO.
Is East Orange, 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, East Orange was a Neutral 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
$425,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+11.8%)
Key Takeaway
Homes in East Orange have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in East Orange was $425,000 in October 2024, up 11.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $187.5K | +20.2% |
| 2 Bedrooms | $260K | $295K | +13.5% |
| 3 Bedrooms | $365K | $420K | +15.1% |
| 4 Bedrooms | $440K | $465K | +5.7% |
| 5+ Bedrooms | $410K | $500K | +22.0% |
Summary: East Orange housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
| Orange | $361.5K | $453.4K | +25.4% |
| City Of Orange Township | $361.5K | $453.4K | +25.4% |
| East Orange | $380K | $425K | +11.8% |
| Newark | $360K | $396.1K | +10.0% |
| South Orange Village Township | $953K | $995K | +4.4% |
Housing Supply in East Orange, NJ
How many homes are available in East Orange, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 143 | 176 | +23.1% |
Summary: The East Orange real estate market had 176 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 26 | 33 | +26.9% |
| 5+ Bedrooms | 68 | 84 | +23.5% |
Summary: The East Orange housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 17 | +142.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Orange, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in East Orange in October 2024, up by 142.9% month-over-month. Of the 17 sold homes, 18% were sold under asking, 12% were sold at asking, and 71% were sold over asking.
Days on Market for East Orange, NJ
We’re sorry, we don't have information for this market at the moment
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