$200,000
1.78 Acres
Land
Listing Office: ADDISON REAL ESTATE
Is Jefferson Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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 October 2023
+$49,000(+11.8%)
Key Takeaway
Homes in Jefferson Township have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Jefferson Township was $465,000 in October 2024, up 11.8% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $270K | +71.4% |
| 2 Bedrooms | $305K | $325K | +6.6% |
| 3 Bedrooms | $415K | $471K | +13.5% |
| 4 Bedrooms | $607.5K | $641K | +5.5% |
| 5+ Bedrooms | $635K | $759.5K | +19.6% |
Summary: Jefferson Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Newfoundland | $467.5K | $824.5K | +76.4% |
| West Milford Township | $371K | $430K | +15.9% |
| Oak Ridge | $415K | $479K | +15.4% |
| Jefferson Township | $416K | $465K | +11.8% |
| Stockholm | $360K | $370K | +2.8% |
Housing Supply in Jefferson Township, NJ
How many homes are available in Jefferson Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 91 | +7.1% |
Summary: The Jefferson Township real estate market had 91 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 28 | 32 | +14.3% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Jefferson 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 14.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson Township, you could pay more than the asking price. 78.3% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Jefferson Township in October 2024, up by 9.5% month-over-month. Of the 23 sold homes, 17% were sold under asking, 4% were sold at asking, and 78% 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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