$10,000 Closing Credit*
$850,000
4 Beds
•2 Full Baths, 1 Partial
Gordon Crawford, Listing Office: Keller Williams Realty Metropolitan
Is Far Hills, 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, Far Hills was a Buyer's Market.
Key Takeaway
Far Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Far Hills, NJ
How much do homes in Far Hills, NJ cost?
Median Sold Price
$1,360,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$123,000(+9.9%)
Key Takeaway
Homes in Far Hills have sold for 9.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $785K | $775K | -1.3% |
| 3 Bedrooms | $710K | $852K | +20.0% |
| 4 Bedrooms | $1.3M | $1.3M | -2.0% |
| 5+ Bedrooms | $1.6M | $2.7M | +69.0% |
Summary: Far Hills 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 decreased by 1.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 69%.
Median Sold Price Compared To Nearby Cities
| Peapack and Gladstone | $875K | $1.1M | +27.4% |
| Bernardsville | $835K | $998.5K | +19.6% |
| Basking Ridge | $733K | $807.5K | +10.2% |
| Far Hills | $1.2M | $1.3M | +9.9% |
| Bedminster | $447.5K | $490K | +9.5% |
Housing Supply in Far Hills, NJ
How many homes are available in Far Hills, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Far Hills real estate market had 27 homes for sale in October 2024, a 22.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Far Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Far Hills, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Far Hills in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Far Hills, NJ
We’re sorry, we don't have information for this market at the moment
