$2,791 Closing Credit*
$235,000
1 Bed
•1 Full Bath
Phyllis Farrow, Listing Office: Realtyline
Is Nutley Township, 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, Nutley Township has remained a Seller's Market.
Key Takeaway
Nutley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nutley Township, NJ
How much do homes in Nutley Township, NJ cost?
Median Sold Price
$623,826
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$88,326(+16.5%)
Key Takeaway
Homes in Nutley Township have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in Nutley Township was $623,826 in November 2024, up 16.5% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $280.5K | +22.0% |
| 2 Bedrooms | $480K | $550K | +14.6% |
| 3 Bedrooms | $525K | $610K | +16.2% |
| 4 Bedrooms | $680K | $735K | +8.1% |
| 5+ Bedrooms | $785K | $836K | +6.5% |
Summary: Nutley Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Nutley Township | $535.5K | $623.8K | +16.5% |
| Nutley | $536K | $621K | +15.9% |
| Bloomfield Township | $515K | $588.9K | +14.4% |
| Bloomfield | $515K | $588.9K | +14.4% |
| Belleville | $413.7K | $465K | +12.4% |
Housing Supply in Nutley Township, NJ
How many homes are available in Nutley Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 95 | +9.2% |
Summary: The Nutley Township real estate market had 95 homes for sale in November 2024, a 9.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Nutley Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nutley Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Nutley Township in November 2024, up by 42.9% month-over-month. Of the 20 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Nutley Township, NJ
How long does it take to sell a home in Nutley Township, NJ?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nutley Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Nutley Township; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.