$8,906 Closing Credit*
$750,000
5 Beds
•2 Full Baths, 1 Partial
Listing Office: C-21 CHRISTEL REALTY
Is Flanders, 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, Flanders has remained a Seller's Market.
Key Takeaway
Flanders is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flanders, NJ
How much do homes in Flanders, NJ cost?
Median Sold Price
$610,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+8.9%)
Key Takeaway
Homes in Flanders have sold for 8.9% 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 | $377K | $465K | +23.3% |
| 3 Bedrooms | $462K | $552K | +19.5% |
| 4 Bedrooms | $627.5K | $630.5K | 0.5% |
| 5+ Bedrooms | $740K | $705K | -4.7% |
Summary: Flanders 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 23.3%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Netcong | $382.5K | $455K | +19.0% |
| Ledgewood | $400K | $455K | +13.8% |
| Flanders | $560K | $610K | +8.9% |
| Succasunna | $582.2K | $610K | +4.8% |
| Budd Lake | $495K | $505K | +2.0% |
Housing Supply in Flanders, NJ
How many homes are available in Flanders, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Summary: The Flanders real estate market had 39 homes for sale in November 2024, a 9.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 32 | 26 | -18.8% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flanders 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 increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flanders, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Flanders in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Flanders, NJ
We’re sorry, we don't have information for this market at the moment
