$5,164 Closing Credit*
$434,900
3 Beds
•2 Full Baths
Listing Office: RE/MAX TOWN & VALLEY
Is Independence Township, 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, Independence Township was a Neutral Market.
Key Takeaway
Independence Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Independence Township, NJ
How much do homes in Independence Township, NJ cost?
Median Sold Price
$385,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,894(+16.6%)
Key Takeaway
Homes in Independence Township have sold for 16.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | $251K | +21.8% |
| 2 Bedrooms | $305K | $363K | +19.0% |
| 3 Bedrooms | $393K | $428.9K | +9.1% |
| 4 Bedrooms | $597.2K | $610K | +2.1% |
| 5+ Bedrooms | $607K | $1.3M | +122.4% |
Summary: Independence Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 122.4%.
Median Sold Price Compared To Nearby Cities
| Independence Township | $330.1K | $385K | +16.6% |
| Allamuchy Township | $397.5K | $445K | +11.9% |
| Hackettstown | $415K | $455K | +9.6% |
Housing Supply in Independence Township, NJ
How many homes are available in Independence Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Summary: The Independence Township real estate market had 20 homes for sale in November 2024, a 23.1% decrease 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 | 9 | 3 | -66.7% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Independence Township 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 66.7%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Independence Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Independence Township in November 2024, down by 77.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Independence Township, NJ
We’re sorry, we don't have information for this market at the moment
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