$949,900
Land
Thomas Mayer, Listing Office: Coldwell Banker, Wayne
Is Maplewood, 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, Maplewood was a Seller's Market.
Key Takeaway
Maplewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Maplewood, NJ
How much do homes in Maplewood, NJ cost?
Median Sold Price
$945,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$130,000(+16.0%)
Key Takeaway
Homes in Maplewood have sold for 16% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233.5K | $260K | +11.3% |
| 2 Bedrooms | $407.5K | $380.9K | -6.5% |
| 3 Bedrooms | $622.5K | $720K | +15.7% |
| 4 Bedrooms | $892K | $970K | +8.7% |
| 5+ Bedrooms | $1.2M | $1.4M | +15.3% |
Summary: Maplewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Maplewood Township | $813.2K | $950K | +16.8% |
| Maplewood | $815K | $945K | +16.0% |
| Millburn | $1.1M | $1.2M | +15.3% |
| South Orange | $953K | $995K | +4.4% |
| South Orange Village Township | $953K | $995K | +4.4% |
Housing Supply in Maplewood, NJ
How many homes are available in Maplewood, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 85 | +18.1% |
Summary: The Maplewood real estate market had 85 homes for sale in October 2024, a 18.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 24 | 31 | +29.2% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Maplewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maplewood, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Maplewood in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Maplewood, NJ
We’re sorry, we don't have information for this market at the moment
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