$9,500 Closing Credit*
$800,000
5 Baths
John Haydu, Listing Office: Keller Williams Realty - NJ Metro Group
Is Essex Fells, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Essex Fells has remained a Seller's Market.
Key Takeaway
Essex Fells is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Essex Fells, NJ
How much do homes in Essex Fells, NJ cost?
Median Sold Price
$1,310,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$235,000(+21.9%)
Key Takeaway
Homes in Essex Fells have sold for 21.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525K | $601K | +14.5% |
| 3 Bedrooms | $857K | $1.1M | +32.4% |
| 4 Bedrooms | $940K | $1.3M | +43.6% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.1% |
Summary: Essex Fells housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 43.6%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Caldwell | $650K | $820K | +26.2% |
| Essex Fells | $1.0M | $1.3M | +21.9% |
| West Caldwell Township | $625K | $717.5K | +14.8% |
| Verona Township | $615K | $700K | +13.8% |
| Roseland | $701K | $778K | +11.0% |
Housing Supply in Essex Fells, NJ
How many homes are available in Essex Fells, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Essex Fells real estate market had 9 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Essex Fells housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Essex Fells, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Essex Fells in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Essex Fells, NJ
We’re sorry, we don't have information for this market at the moment
