$4,738 Closing Credit*
$399,000
3 Beds
•1 Full Bath
Listing Office: KELLER WILLIAMS METROPOLITAN
Is Fredon Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fredon Township was a Seller's Market.
Key Takeaway
Fredon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fredon Township, NJ
How much do homes in Fredon Township, NJ cost?
Median Sold Price
$510,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+6.8%)
Key Takeaway
Homes in Fredon Township have sold for 6.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $412K | $367K | -10.9% |
| 3 Bedrooms | $425K | $425K | 0.0% |
| 4 Bedrooms | $510K | $603.5K | +18.3% |
| 5+ Bedrooms | $1.1M | $700K | -40.4% |
Summary: Fredon Township 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 decreased by 10.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 40.4%.
Median Sold Price Compared To Nearby Cities
| Green Township | $410K | $590K | +43.9% |
| Stillwater Township | $313.7K | $365K | +16.3% |
| Newton | $353K | $390K | +10.5% |
| Fredon Township | $477.5K | $510K | +6.8% |
| Hampton Township | $430K | $396K | -7.9% |
Housing Supply in Fredon Township, NJ
How many homes are available in Fredon Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Summary: The Fredon Township real estate market had 11 homes for sale in November 2024, a 31.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Fredon Township 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 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 Fredon Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Fredon Township in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fredon Township, NJ
We’re sorry, we don't have information for this market at the moment
