$10,000 Closing Credit*
$975,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is Florham Park, 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, Florham Park was a Seller's Market.
Key Takeaway
Florham Park 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 Florham Park, NJ
How much do homes in Florham Park, NJ cost?
Median Sold Price
$945,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+5.0%)
Key Takeaway
Homes in Florham Park have sold for 5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $408K | $400K | -2.0% |
| 2 Bedrooms | $650K | $700K | +7.7% |
| 3 Bedrooms | $605K | $757.5K | +25.2% |
| 4 Bedrooms | $980.5K | $980K | -0.1% |
| 5+ Bedrooms | $1.6M | $1.5M | -7.6% |
Summary: Florham Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 25.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Livingston Township | $880K | $998K | +13.4% |
| Livingston | $883.6K | $998K | +12.9% |
| Florham Park | $900K | $945K | +5.0% |
| Madison | $900K | $945K | +5.0% |
| Chatham | $1.0M | $1.0M | +4.9% |
Housing Supply in Florham Park, NJ
How many homes are available in Florham Park, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Summary: The Florham Park real estate market had 48 homes for sale in October 2024, a 11.6% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Florham Park 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 increased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florham Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Florham Park in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
