Is Neshanic Station, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neshanic Station is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Neshanic Station has remained a Seller's Market.

Key Takeaway

Neshanic Station is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Neshanic Station, NJ

How much do homes in Neshanic Station, NJ cost?

Median Sold Price

$929,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$171,500(+22.6%)

Key Takeaway

Homes in Neshanic Station have sold for 22.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$435K
N/A
2 $540K-
N/A
3 $640K$750K
+17.2%
4 $1.2M$1.1M
-11.8%
5+ $1.0M$929K
-12.4%

Summary: Neshanic Station 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 17.2%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 12.4%.

Median Sold Price Compared To Nearby Cities

Neshanic Station
+22.6%
Three Bridges
-17.1%

Housing Supply in Neshanic Station, NJ

How many homes are available in Neshanic Station, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2215-31.8%

Summary: The Neshanic Station real estate market had 15 homes for sale in November 2024, a 31.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 52
-60.0%
3 65
-16.7%
4 66
0.0%
5+ 41
-75.0%

Summary: The Neshanic Station 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 60%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 75%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neshanic Station, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Neshanic Station in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.

Days on Market for Neshanic Station, 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 21 Days Ago

Newest Listings in Neshanic Station, NJ

Nearby Markets to Neshanic Station, NJ

What housing markets are near Neshanic Station, NJ?