$10,000 Closing Credit*
$999,000
2 Beds
•2 Full Baths, 1 Partial
Listing Office: CHRISTIE'S INT. REAL ESTATE GROUP
Is Florham Park, 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, Florham Park has remained a Seller's Market.
Key Takeaway
Florham Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Florham Park, NJ
How much do homes in Florham Park, NJ cost?
Median Sold Price
$955,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+6.1%)
Key Takeaway
Homes in Florham Park have sold for 6.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $400K | -2.4% |
| 2 Bedrooms | $650K | $665K | +2.3% |
| 3 Bedrooms | $615.5K | $812K | +31.9% |
| 4 Bedrooms | $970K | $999K | +3.0% |
| 5+ Bedrooms | $1.4M | $1.4M | +3.4% |
Summary: Florham Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Chatham | $999.9K | $1.1M | +11.1% |
| Livingston Township | $900.2K | $998.9K | +11.0% |
| Livingston | $900K | $998.9K | +11.0% |
| Florham Park | $900K | $955K | +6.1% |
| Madison | $900K | $946K | +5.1% |
Housing Supply in Florham Park, NJ
How many homes are available in Florham Park, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 38 | -15.6% |
Summary: The Florham Park real estate market had 38 homes for sale in November 2024, a 15.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 6 | -45.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The Florham Park 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 decreased by 40%, 3 bedroom homes decreased by 45.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florham Park, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Florham Park in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for Florham Park, NJ
We’re sorry, we don't have information for this market at the moment
