$8,301 Closing Credit*
$699,000
2,291 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is Flanders, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$609,500
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,000(+9.3%)
Key Takeaway
Homes in Flanders have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Flanders was $609,500 in October 2024, up 9.3% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $377K | $465K | +23.3% |
| 3 Bedrooms | $460K | $550K | +19.6% |
| 4 Bedrooms | $620K | $633K | +2.1% |
| 5+ Bedrooms | $740K | $705K | -4.7% |
Summary: Flanders 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 increased by 23.3%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Ledgewood | $389.5K | $456.2K | +17.1% |
| Flanders | $557.5K | $609.5K | +9.3% |
| Succasunna | $577K | $607.5K | +5.3% |
| Budd Lake | $490K | $480K | -2.0% |
Housing Supply in Flanders, NJ
How many homes are available in Flanders, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The Flanders real estate market had 44 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Flanders housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flanders, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Flanders in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Flanders, NJ
We’re sorry, we don't have information for this market at the moment
