Is Lyndhurst, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyndhurst is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Lyndhurst was a Seller's Market.

Key Takeaway

Lyndhurst is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lyndhurst, NJ

How much do homes in Lyndhurst, NJ cost?

Median Sold Price

$970,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$380,000(+64.4%)

Key Takeaway

Homes in Lyndhurst have sold for 64.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$300K
N/A
2 $557.5K-
N/A
3 $590K$970K
+64.4%
4 --
N/A
5+ --
N/A

Summary: Lyndhurst housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 64.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lyndhurst
+64.4%
Lyndhurst Township
+64.4%
East Rutherford
+10.7%
Rutherford
+0.7%
North Arlington
-15.6%

Housing Supply in Lyndhurst, NJ

How many homes are available in Lyndhurst, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2826-7.1%

Summary: The Lyndhurst real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 32
-33.3%
3 1310
-23.1%
4 66
0.0%
5+ 46
+50.0%

Summary: The Lyndhurst housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyndhurst, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Lyndhurst in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lyndhurst, NJ

How long does it take to sell a home in Lyndhurst, NJ?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lyndhurst has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Lyndhurst; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in Lyndhurst, NJ

Nearby Markets to Lyndhurst, NJ

What housing markets are near Lyndhurst, NJ?