Is Jefferson Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jefferson Township has remained a Seller's Market.
Housing Prices in Jefferson Township, NJ
How much do homes in Jefferson Township, NJ cost?
Median Sold Price
$430,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $221K | $222.5K | +0.7% |
2 Bedrooms | $280K | $320K | +14.3% |
3 Bedrooms | $397.5K | $425K | +6.9% |
4 Bedrooms | $595K | $625K | +5.0% |
5+ Bedrooms | $612.5K | $635K | +3.7% |
Summary: Jefferson Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
West Milford Township | $357.5K | $410K | +14.7% |
Oak Ridge | $400K | $430K | +7.5% |
Jefferson Township | $422K | $430K | +1.9% |
Newfoundland | $520K | $511.5K | -1.6% |
Housing Supply in Jefferson Township, NJ
How many homes are available in Jefferson Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 83 | +7.8% |
Summary: The Jefferson Township real estate market had 83 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 20 | 17 | -15.0% |
3 Bedrooms | 33 | 41 | +24.2% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Jefferson Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Jefferson Township in May 2024, up by 21.4% month-over-month. Of the 17 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.
Days on Market for Jefferson Township, NJ
How long does it take to sell a home in Jefferson Township, NJ?
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
Summary: During May 2024, 17 homes were sold in Jefferson Township; 6% 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.