Is Irvington, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irvington is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Irvington has remained a Buyer's Market.

Key Takeaway

Irvington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Irvington, NJ

How much do homes in Irvington, NJ cost?

Median Sold Price

$360,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$47,000(-11.5%)

Key Takeaway

Homes in Irvington have sold for 11.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $348.5K$285.5K
-18.1%
3 $373.5K$340K
-9.0%
4 $475K$420K
-11.6%
5+ $520K-
N/A

Summary: Irvington housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.1%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Irvington
-11.5%
Irvington Township
-11.5%

Housing Supply in Irvington, NJ

How many homes are available in Irvington, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
136163+19.9%

Summary: The Irvington real estate market had 163 homes for sale in November 2024, a 19.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 3544
+25.7%
4 3031
+3.3%
5+ 5774
+29.8%

Summary: The Irvington 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 remained the same, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 29.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Irvington, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Irvington in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.

Days on Market for Irvington, NJ

How long does it take to sell a home in Irvington, NJ?

Average Sale Time

Oct 2024Nov 2024CHANGE
35 Days18 Days-48.6%

Summary: Homes in Irvington had an average of 18 days on market in Nov 2024, down by 48.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Irvington are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in Irvington; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Irvington, NJ

Nearby Markets to Irvington, NJ

What housing markets are near Irvington, NJ?