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

Last month, Neshanic Station was a Buyer'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

$707,500

$251/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$268,500(-27.5%)

Key Takeaway

Homes in Neshanic Station have sold for 27.5% less than they did a month ago.

Summary: The median home sold price in Neshanic Station was $707,500 in October 2024, down 27.5% from last month, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$540K
N/A
3 --
N/A
4 $976K-
N/A
5+ -$1.0M
N/A

Summary: Neshanic Station housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Neshanic Station, NJ

How many homes are available in Neshanic Station, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1722+29.4%

Summary: The Neshanic Station real estate market had 22 homes for sale in October 2024, a 29.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 36
+100.0%
4 45
+25.0%
5+ 55
0.0%

Summary: The Neshanic Station housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 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, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Neshanic Station in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Neshanic Station, NJ

How long does it take to sell a home in Neshanic Station, 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 Neshanic Station has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Neshanic Station; 0% of homes were sold within 30 days, 17% 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 4 Days Ago

Newest Listings in Neshanic Station, NJ

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