$5,936 Closing Credit*
$499,900
2,004 SqFt
4 Beds
•3 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Kendall Park, 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, Kendall Park has remained a Seller's Market.
Key Takeaway
Kendall Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kendall Park, NJ
How much do homes in Kendall Park, NJ cost?
Median Sold Price
$700,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+16.7%)
Key Takeaway
Homes in Kendall Park have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Kendall Park was $700,000 in November 2024, up 16.7% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228.2K | - | N/A |
| 2 Bedrooms | $460K | $577.5K | +25.5% |
| 3 Bedrooms | $462.5K | $560K | +21.1% |
| 4 Bedrooms | $697.5K | $750K | +7.5% |
| 5+ Bedrooms | $765K | $900K | +17.6% |
Summary: Kendall Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| South Brunswick Township | $550K | $652.2K | +18.6% |
| Kendall Park | $600K | $700K | +16.7% |
| Monmouth Junction | $500.1K | $557.5K | +11.5% |
| Franklin Township | $445.6K | $487.3K | +9.3% |
| Franklin Park | $366K | $380K | +3.8% |
Housing Supply in Kendall Park, NJ
How many homes are available in Kendall Park, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Summary: The Kendall Park real estate market had 31 homes for sale in November 2024, a 13.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Kendall Park 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 decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kendall Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Kendall Park in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Kendall Park, NJ
How long does it take to sell a home in Kendall Park, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 47 Days | +84.9% |
Summary: Homes in Kendall Park had an average of 47 days on market in Nov 2024, up by 84.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kendall Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Kendall Park; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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