$514,500
19.93 Acres
Land
Listing Office: COLDWELL BANKER REALTY
Is Fredon Township, 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, Fredon Township has remained a Seller's Market.
Key Takeaway
Fredon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fredon Township, NJ
How much do homes in Fredon Township, NJ cost?
Median Sold Price
$495,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-1.0%)
Key Takeaway
Homes in Fredon Township have sold for 1% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $383.5K | $390K | +1.7% |
| 3 Bedrooms | $475K | $425K | -10.5% |
| 4 Bedrooms | $520K | $602K | +15.8% |
| 5+ Bedrooms | $1.1M | $700K | -40.4% |
Summary: Fredon Township 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 1.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 40.4%.
Median Sold Price Compared To Nearby Cities
| Green Township | $432.5K | $585K | +35.3% |
| Stillwater Township | $315K | $357.5K | +13.5% |
| Newton | $351.4K | $391K | +11.3% |
| Fredon Township | $500K | $495K | -1.0% |
| Hampton Township | $440K | $385K | -12.5% |
Housing Supply in Fredon Township, NJ
How many homes are available in Fredon Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Fredon Township real estate market had 18 homes for sale in October 2024, a 20.0% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Fredon Township 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fredon Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Fredon Township in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% 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
