Is North Arlington, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Arlington is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, North Arlington was a Buyer's Market.

Key Takeaway

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

Housing Prices in North Arlington, NJ

How much do homes in North Arlington, NJ cost?

Median Sold Price

$500,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$92,500(-15.6%)

Key Takeaway

Homes in North Arlington have sold for 15.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $625K$500K
-20.0%
4 $560K$475K
-15.2%
5+ --
N/A

Summary: North Arlington 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 decreased by 20%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lyndhurst Township
+64.4%
Lyndhurst
+64.4%
North Arlington
-15.6%

Housing Supply in North Arlington, NJ

How many homes are available in North Arlington, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2226+18.2%

Summary: The North Arlington real estate market had 26 homes for sale in November 2024, a 18.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1111
0.0%
4 99
0.0%
5+ 25
+150.0%

Summary: The North Arlington 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Arlington, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in North Arlington in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for North Arlington, NJ

How long does it take to sell a home in North Arlington, NJ?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Arlington are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in North Arlington; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

Newest Listings in North Arlington, NJ

Nearby Markets to North Arlington, NJ

What housing markets are near North Arlington, NJ?