$6,519 Closing Credit*
$549,000
2,076 SqFt
4 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS PROSPERITY REALTY
Is Jefferson Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Jefferson Township has remained a Seller's Market.
Key Takeaway
Jefferson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jefferson Township, NJ
How much do homes in Jefferson Township, NJ cost?
Median Sold Price
$465,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+12.0%)
Key Takeaway
Homes in Jefferson Township have sold for 12% more than they did a year ago.
Summary: The median home sold price in Jefferson Township was $465,000 in November 2024, up 12% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178.7K | $275K | +53.8% |
| 2 Bedrooms | $287K | $330K | +15.0% |
| 3 Bedrooms | $416K | $469.9K | +13.0% |
| 4 Bedrooms | $610K | $637K | +4.4% |
| 5+ Bedrooms | $667.4K | $805K | +20.6% |
Summary: Jefferson Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
| Newfoundland | $470K | $874.5K | +86.1% |
| Oak Ridge | $410K | $479K | +16.8% |
| West Milford Township | $375K | $436.4K | +16.4% |
| Jefferson Township | $415K | $465K | +12.0% |
| Stockholm | $360K | $375K | +4.2% |
Housing Supply in Jefferson Township, NJ
How many homes are available in Jefferson Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 81 | -5.8% |
Summary: The Jefferson Township real estate market had 81 homes for sale in November 2024, a 5.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 0 | -100.0% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Jefferson Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson Township, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Jefferson Township in November 2024, down by 29.2% month-over-month. Of the 17 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.
Days on Market for Jefferson Township, NJ
We’re sorry, we don't have information for this market at the moment
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