$5,106 Closing Credit*
$430,000
3 Beds
•2 Full Baths
Mark Werner, Listing Office: Werner Realty
Is Newfoundland, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Newfoundland has remained a Seller's Market.
Key Takeaway
Newfoundland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newfoundland, NJ
How much do homes in Newfoundland, NJ cost?
Median Sold Price
$824,500
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$357,000(+76.4%)
Key Takeaway
Homes in Newfoundland have sold for 76.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355.4K | - | N/A |
| 3 Bedrooms | $436K | $727K | +66.7% |
| 4 Bedrooms | $550K | $959.7K | +74.5% |
| 5+ Bedrooms | $498K | - | N/A |
Summary: Newfoundland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 74.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Newfoundland | $467.5K | $824.5K | +76.4% |
| West Milford Township | $371K | $430K | +15.9% |
| Oak Ridge | $415K | $479K | +15.4% |
| Jefferson Township | $416K | $465K | +11.8% |
| Kinnelon | $699K | $780K | +11.6% |
Housing Supply in Newfoundland, NJ
How many homes are available in Newfoundland, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Newfoundland real estate market had 11 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Newfoundland 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newfoundland, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Newfoundland in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Newfoundland, NJ
We’re sorry, we don't have information for this market at the moment