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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maplewood is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 $233.5K$260K
+11.3%
2 $407.5K$380.9K
-6.5%
3 $622.5K$720K
+15.7%
4 $892K$970K
+8.7%
5+ $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
+16.8%
Maplewood
+16.0%
Millburn
+15.3%
South Orange
+4.4%
South Orange Village Township
+4.4%

Housing Supply in Maplewood, NJ

How many homes are available in Maplewood, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7285+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

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 55
0.0%
3 2431
+29.2%
4 2527
+8.0%
5+ 1520
+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 2024Oct 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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

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 Maplewood, NJ

Nearby Markets to Maplewood, NJ

What housing markets are near Maplewood, NJ?