$8,301 Closing Credit*
$699,000
4 Beds
•2 Full Baths, 1 Partial
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 October 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
$582,500
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+5.9%)
Key Takeaway
Homes in Frenchtown have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Frenchtown was $582,500 in October 2024, up 5.9% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | - | N/A |
| 2 Bedrooms | $352.4K | $583.5K | +65.6% |
| 3 Bedrooms | $500K | $540K | +8.0% |
| 4 Bedrooms | $660K | $680K | +3.0% |
| 5+ Bedrooms | $750K | $660K | -12.0% |
Summary: Frenchtown 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 65.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
| Alexandria Township | $560K | $700.5K | +25.1% |
| Upper Black Eddy | $460K | $490K | +6.5% |
| Frenchtown | $550K | $582.5K | +5.9% |
Housing Supply in Frenchtown, NJ
How many homes are available in Frenchtown, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Frenchtown real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Frenchtown 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frenchtown, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Frenchtown in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Frenchtown, NJ
How long does it take to sell a home in Frenchtown, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 October 2024, 7 homes were sold in Frenchtown; 14% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.