Is Long Valley, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Long Valley is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Long Valley was a Seller's Market.

Key Takeaway

Long Valley 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 Long Valley, NJ

How much do homes in Long Valley, NJ cost?

Median Sold Price

$725,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+7.4%)

Key Takeaway

Homes in Long Valley have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Long Valley was $725,000 in October 2024, up 7.4% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $585K-
N/A
2 $412K$607.5K
+47.5%
3 $500K$536.2K
+7.2%
4 $711K$750K
+5.5%
5+ $805K$975K
+21.1%

Summary: Long Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 21.1%.

Median Sold Price Compared To Nearby Cities

Washington Township
+21.0%
Mansfield Township
+18.2%
Chester Township
+11.7%
Long Valley
+7.4%

Housing Supply in Long Valley, NJ

How many homes are available in Long Valley, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3844+15.8%

Summary: The Long Valley real estate market had 44 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 68
+33.3%
4 2829
+3.6%
5+ 36
+100.0%

Summary: The Long Valley 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Long Valley, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Long Valley in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Long Valley, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Long Valley, NJ

Nearby Markets to Long Valley, NJ

What housing markets are near Long Valley, NJ?