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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irvington Township is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Irvington Township, NJ

How much do homes in Irvington Township, NJ cost?

Median Sold Price

$406,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$24,000(-5.6%)

Key Takeaway

Homes in Irvington Township have sold for 5.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$348.5K
N/A
3 $430K$373.5K
-13.1%
4 $417.5K$475K
+13.8%
5+ -$425K
N/A

Summary: Irvington Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Irvington Township
-5.6%
Irvington
-5.6%

Housing Supply in Irvington Township, NJ

How many homes are available in Irvington Township, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147173+17.7%

Summary: The Irvington Township real estate market had 173 homes for sale in October 2024, a 17.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1217
+41.7%
3 3441
+20.6%
4 3136
+16.1%
5+ 7079
+12.9%

Summary: The Irvington Township 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 increased by 41.7%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 12.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Irvington Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Irvington Township in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.

Days on Market for Irvington Township, NJ

We’re sorry, we don't have information for this market at the moment

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

Report Updated 16 Days Ago

Newest Listings in Irvington Township, NJ

Nearby Markets to Irvington Township, NJ

What housing markets are near Irvington Township, NJ?