$5,343 Closing Credit*
$449,900
1,082 SqFt
3 Beds
•1 Full Bath
Listing Office: C-21 NEW BEGINNINGS
Is Long Hill 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, Long Hill Township has remained a Seller's Market.
Key Takeaway
Long Hill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Long Hill Township, NJ
How much do homes in Long Hill Township, NJ cost?
Median Sold Price
$755,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$105,000(+16.2%)
Key Takeaway
Homes in Long Hill Township 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 | - | - | N/A |
| 2 Bedrooms | $436K | $512.5K | +17.5% |
| 3 Bedrooms | $570K | $610.7K | +7.2% |
| 4 Bedrooms | $755K | $835K | +10.6% |
| 5+ Bedrooms | $867K | $1.1M | +28.0% |
Summary: Long Hill Township 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 17.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Cities
| Long Hill Township | $650K | $755K | +16.2% |
| Warren | $1.0M | $1.1M | +12.3% |
| Gillette | $600K | $635K | +5.8% |
Housing Supply in Long Hill Township, NJ
How many homes are available in Long Hill Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The Long Hill Township real estate market had 27 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Long Hill Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Hill Township, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Long Hill Township in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Long Hill Township, NJ
We’re sorry, we don't have information for this market at the moment
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