$8,550 Closing Credit*
$720,000
6 Beds
•3 Full Baths, 2 Partial
Listing Office: REALTY 33, LLC
Is Maplewood Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Maplewood Township has remained a Seller's Market.
Key Takeaway
Maplewood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maplewood Township, NJ
How much do homes in Maplewood Township, NJ cost?
Median Sold Price
$969,950
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$159,200(+19.6%)
Key Takeaway
Homes in Maplewood Township have sold for 19.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237K | $262K | +10.5% |
| 2 Bedrooms | $392.5K | $380.9K | -3.0% |
| 3 Bedrooms | $603.5K | $720K | +19.3% |
| 4 Bedrooms | $895.5K | $998K | +11.5% |
| 5+ Bedrooms | $1.3M | $1.4M | +8.2% |
Summary: Maplewood Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Maplewood Township | $810.7K | $969.9K | +19.6% |
| Maplewood | $811.5K | $968.9K | +19.4% |
| South Orange | $965K | $992.5K | +2.8% |
| South Orange Village Township | $965K | $992.5K | +2.8% |
Housing Supply in Maplewood Township, NJ
How many homes are available in Maplewood Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 78 | +6.8% |
Summary: The Maplewood Township real estate market had 78 homes for sale in November 2024, a 6.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Maplewood Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 23 | +91.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maplewood Township, you could pay more than the asking price. 82.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Maplewood Township in November 2024, up by 91.7% month-over-month. Of the 23 sold homes, 13% were sold under asking, 4% were sold at asking, and 83% were sold over asking.
Days on Market for Maplewood Township, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.