$4,263 Closing Credit*
$359,000
2 Beds
•2 Full Baths
Listing Office: EXIT REALTY CONNECTIONS
Is Great Meadows, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Great Meadows was a Buyer's Market.
Key Takeaway
Great Meadows is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Great Meadows, NJ
How much do homes in Great Meadows, NJ cost?
Median Sold Price
$376,750
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$241,250(-39.0%)
Key Takeaway
Homes in Great Meadows have sold for 39% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $310K | N/A |
| 2 Bedrooms | - | $350K | N/A |
| 3 Bedrooms | - | $419K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $618K | - | N/A |
Summary: Great Meadows housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hope Township | $350K | $310K | -11.4% |
| Great Meadows | $618K | $376.7K | -39.0% |
Housing Supply in Great Meadows, NJ
How many homes are available in Great Meadows, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The Great Meadows real estate market had 19 homes for sale in November 2024, a 5.6% increase 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 | 4 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Great Meadows 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Great Meadows, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Great Meadows in November 2024, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Great Meadows, NJ
We’re sorry, we don't have information for this market at the moment
