$7,422 Closing Credit*
$625,000
2 Beds
•2 Full Baths
Fang Schreck, Listing Office: United Real Estate
Is Greglawn, 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, Greglawn was a Seller's Market.
Key Takeaway
Greglawn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Greglawn, NJ
How much do homes in Greglawn, NJ cost?
Median Sold Price
$550,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+9.5%)
Key Takeaway
Homes in Greglawn have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Greglawn was $550,000 in November 2024, up 9.5% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $482.7K | +7.3% |
| 3 Bedrooms | $580K | $640K | +10.3% |
| 4 Bedrooms | $550K | $652.5K | +18.6% |
| 5+ Bedrooms | $620K | $975K | +57.3% |
Summary: Greglawn 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 7.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 57.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Richfield | $515K | $645K | +25.2% |
| Allwood | $502.5K | $581K | +15.6% |
| Greglawn | $502.5K | $550K | +9.5% |
| Albion | $513K | $553K | +7.8% |
Housing Supply in Greglawn, NJ
How many homes are available in Greglawn, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Greglawn real estate market had 28 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Greglawn 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 12.5%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
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 Greglawn, 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 Greglawn in November 2024, down by 75.0% 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 Greglawn, NJ
We’re sorry, we don't have information for this market at the moment
