$6,531 Closing Credit*
$549,999
6 Beds
•2 Full Baths
Listing Office: IDENTITY PROPERTIES
Is Lower Vailsburg, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lower Vailsburg has remained a Buyer's Market.
Key Takeaway
Lower Vailsburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Vailsburg, NJ
How much do homes in Lower Vailsburg, NJ cost?
Median Sold Price
$390,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,500(+1.7%)
Key Takeaway
Homes in Lower Vailsburg have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Lower Vailsburg was $390,000 in October 2024, up 1.7% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $250K | -13.8% |
| 3 Bedrooms | $365K | $372.5K | +2.1% |
| 4 Bedrooms | $400K | $380K | -5.0% |
| 5+ Bedrooms | $427.5K | $455K | +6.4% |
Summary: Lower Vailsburg 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 decreased by 13.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in Lower Vailsburg, NJ
How many homes are available in Lower Vailsburg, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 68 | +28.3% |
Summary: The Lower Vailsburg real estate market had 68 homes for sale in October 2024, a 28.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 27 | 38 | +40.7% |
Summary: The Lower Vailsburg 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 21.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 40.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 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 Lower Vailsburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lower Vailsburg in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lower Vailsburg, NJ
How long does it take to sell a home in Lower Vailsburg, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lower Vailsburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Lower Vailsburg; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
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