$5,344 Closing Credit*
$450,000
3 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Frenchtown, 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, Frenchtown was a Buyer's Market.
Key Takeaway
Frenchtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frenchtown, NJ
How much do homes in Frenchtown, NJ cost?
Median Sold Price
$586,750
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,250(+6.2%)
Key Takeaway
Homes in Frenchtown have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Frenchtown was $586,750 in November 2024, up 6.2% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | - | N/A |
| 2 Bedrooms | $285K | $583.5K | +104.7% |
| 3 Bedrooms | $525K | $525K | 0.0% |
| 4 Bedrooms | $648K | $685K | +5.7% |
| 5+ Bedrooms | $750K | $660K | -12.0% |
Summary: Frenchtown 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 increased by 104.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
| Alexandria Township | $510K | $730K | +43.1% |
| Frenchtown | $552.5K | $586.7K | +6.2% |
Housing Supply in Frenchtown, NJ
How many homes are available in Frenchtown, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Frenchtown real estate market had 21 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Frenchtown 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 75%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frenchtown, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Frenchtown in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Frenchtown, NJ
How long does it take to sell a home in Frenchtown, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 7 Days | -82.9% |
Summary: Homes in Frenchtown had an average of 7 days on market in Nov 2024, down by 82.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frenchtown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Frenchtown; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
