$5,047 Closing Credit*
$425,000
3 Beds
•2 Full Baths
Listing Office: WEICHERT REALTORS
Is Great Meadows, 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, Great Meadows was a Seller's Market.
Key Takeaway
Great Meadows is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Great Meadows, NJ
How much do homes in Great Meadows, NJ cost?
Median Sold Price
$430,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$39,000(-8.3%)
Key Takeaway
Homes in Great Meadows have sold for 8.3% less than they did a year ago.
Summary: The median home sold price in Great Meadows was $430,000 in October 2024, down 8.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258.5K | $269.5K | +4.3% |
| 2 Bedrooms | $322.5K | $342.5K | +6.2% |
| 3 Bedrooms | $500K | $490K | -2.0% |
| 4 Bedrooms | $520K | $475K | -8.7% |
| 5+ Bedrooms | $652.5K | $618K | -5.3% |
Summary: Great Meadows housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Independence Township | $327.6K | $385K | +17.5% |
| Great Meadows | $469K | $430K | -8.3% |
| Liberty Township | $468K | $400K | -14.5% |
Housing Supply in Great Meadows, NJ
How many homes are available in Great Meadows, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Great Meadows real estate market had 17 homes for sale in October 2024, a 13.3% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Great Meadows 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 increased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Great Meadows, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Great Meadows in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
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