$5,343 Closing Credit*
$449,900
1,082 SqFt
3 Beds
•1 Full Bath
Listing Office: C-21 NEW BEGINNINGS
Is Gillette, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Gillette was a Neutral Market.
Key Takeaway
Gillette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gillette, NJ
How much do homes in Gillette, NJ cost?
Median Sold Price
$615,000
-
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$4,000(+0.7%)
Key Takeaway
Homes in Gillette have sold for 0.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $525K | +16.7% |
| 3 Bedrooms | $575K | $557.5K | -3.0% |
| 4 Bedrooms | $811K | $822.5K | +1.4% |
| 5+ Bedrooms | $906K | $1.1M | +22.5% |
Summary: Gillette housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Berkeley Heights | $729.5K | $820.5K | +12.5% |
| Long Hill Township | $672.5K | $741.5K | +10.3% |
| Stirling | $640K | $653.7K | +2.2% |
| Gillette | $611K | $615K | +0.7% |
Housing Supply in Gillette, NJ
How many homes are available in Gillette, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The Gillette real estate market had 8 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Gillette housing inventory by bedroom type for December 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 25%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gillette, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Gillette in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Gillette, NJ
We’re sorry, we don't have information for this market at the moment
