$6,531 Closing Credit*
$550,000
3 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Kinnelon, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Kinnelon was a Buyer's Market.
Key Takeaway
Kinnelon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kinnelon, NJ
How much do homes in Kinnelon, NJ cost?
Median Sold Price
$790,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$110,000(+16.2%)
Key Takeaway
Homes in Kinnelon have sold for 16.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $455K | +82.0% |
| 2 Bedrooms | $340.5K | $357.7K | +5.1% |
| 3 Bedrooms | $547.5K | $640K | +16.9% |
| 4 Bedrooms | $720K | $831.2K | +15.5% |
| 5+ Bedrooms | $1.2M | $1.2M | -2.4% |
Summary: Kinnelon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Newfoundland | $470K | $874.5K | +86.1% |
| Butler | $430K | $520.2K | +21.0% |
| West Milford Township | $375K | $436.4K | +16.4% |
| Kinnelon | $680K | $790K | +16.2% |
| Riverdale | $410K | $425K | +3.7% |
Housing Supply in Kinnelon, NJ
How many homes are available in Kinnelon, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Summary: The Kinnelon real estate market had 45 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Kinnelon 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kinnelon, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Kinnelon in November 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Kinnelon, NJ
We’re sorry, we don't have information for this market at the moment
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.