$4,986 Closing Credit*
$419,900
960 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX HERITAGE PROPERTIES
Is Independence Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Independence Township has remained a Seller's Market.
Key Takeaway
Independence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Independence Township, NJ
How much do homes in Independence Township, NJ cost?
Median Sold Price
$400,500
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$61,750(+18.2%)
Key Takeaway
Homes in Independence Township have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Independence Township was $400,500 in December 2024, up 18.2% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | $251K | +23.0% |
| 2 Bedrooms | $310K | $370K | +19.4% |
| 3 Bedrooms | $405K | $426.9K | +5.4% |
| 4 Bedrooms | $597.2K | $614K | +2.8% |
| 5+ Bedrooms | $789K | $1.3M | +71.1% |
Summary: Independence Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 71.1%.
Median Sold Price Compared To Nearby Cities
| Independence Township | $338.7K | $400.5K | +18.2% |
| Hackettstown | $415K | $470K | +13.3% |
| Allamuchy Township | $399.9K | $422.5K | +5.6% |
Housing Supply in Independence Township, NJ
How many homes are available in Independence Township, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Independence Township real estate market had 23 homes for sale in December 2024, a 9.5% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Independence Township 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 increased by 25%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 12 | +300.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Independence Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Independence Township in December 2024, up by 300.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% were sold over asking.
Days on Market for Independence Township, NJ
How long does it take to sell a home in Independence Township, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Independence Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in Independence Township; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
