$129,500
1.36 Acres
Land
Listing Office: RE/MAX TOWN & VALLEY II
Is Long Valley, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $585K | - | N/A |
| 2 Bedrooms | $412K | $607.5K | +47.5% |
| 3 Bedrooms | $500K | $536.2K | +7.2% |
| 4 Bedrooms | $711K | $750K | +5.5% |
| 5+ Bedrooms | $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 | $466K | $563.6K | +21.0% |
| Mansfield Township | $357.5K | $422.5K | +18.2% |
| Chester Township | $850K | $949.5K | +11.7% |
| Long Valley | $675K | $725K | +7.4% |
Housing Supply in Long Valley, NJ
How many homes are available in Long Valley, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 3 | 6 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -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
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
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Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.