$6,234 Closing Credit*
$525,000
3 Beds
•2 Full Baths
Listing Office: RE/MAX NEW MILLENNIUM GROUP
Is Hillside, 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, Hillside was a Seller's Market.
Key Takeaway
Hillside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hillside, NJ
How much do homes in Hillside, NJ cost?
Median Sold Price
$470,000
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,500(+9.4%)
Key Takeaway
Homes in Hillside have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Hillside was $470,000 in October 2024, up 9.4% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $370K | +17.5% |
| 3 Bedrooms | $417.5K | $460.5K | +10.3% |
| 4 Bedrooms | $455K | $530K | +16.5% |
| 5+ Bedrooms | $547.5K | $585K | +6.8% |
Summary: Hillside 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 17.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Hillside | $429.5K | $470K | +9.4% |
| Hillside Township | $429.5K | $470K | +9.4% |
| Union | $505.3K | $550K | +8.8% |
| Union Township | $503K | $541.6K | +7.7% |
Housing Supply in Hillside, NJ
How many homes are available in Hillside, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 70 | +9.4% |
Summary: The Hillside real estate market had 70 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 38 | 39 | +2.6% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Hillside 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 decreased by 10%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillside, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Hillside in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 0% were sold under asking, 9% were sold at asking, and 91% were sold over asking.
Days on Market for Hillside, NJ
How long does it take to sell a home in Hillside, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 56 Days | +330.8% |
Summary: Homes in Hillside had an average of 56 days on market in Oct 2024, up by 330.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hillside has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Hillside; 0% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
