$9,083 Closing Credit*
$764,900
3 Beds
•1 Full Bath, 1 Partial
Listing Office: COLDWELL BANKER REALTY FLE
Is New Providence, 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, New Providence has remained a Seller's Market.
Key Takeaway
New Providence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Providence, NJ
How much do homes in New Providence, NJ cost?
Median Sold Price
$899,500
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$102,500(+12.9%)
Key Takeaway
Homes in New Providence have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in New Providence was $899,500 in November 2024, up 12.9% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $601.5K | $607K | +0.9% |
| 3 Bedrooms | $690.6K | $800K | +15.8% |
| 4 Bedrooms | $851.5K | $982.5K | +15.4% |
| 5+ Bedrooms | $1.1M | $1.4M | +26.5% |
Summary: New Providence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
| Berkeley Heights Township | $729K | $831.5K | +14.1% |
| New Providence | $797K | $899.5K | +12.9% |
| Berkeley Heights | $727K | $817.5K | +12.4% |
| Summit | $1.1M | $1.2M | +12.2% |
| Chatham Township | $1.0M | $1.1M | +10.7% |
Housing Supply in New Providence, NJ
How many homes are available in New Providence, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The New Providence real estate market had 37 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The New Providence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Providence, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in New Providence in November 2024, the same as the previous month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for New Providence, NJ
We’re sorry, we don't have information for this market at the moment
