$5,463 Closing Credit*
$460,000
3 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS - NJ METRO GROUP
Is Nutley Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Nutley Township was a Seller's Market.
Key Takeaway
Nutley Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nutley Township, NJ
How much do homes in Nutley Township, NJ cost?
Median Sold Price
$620,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$86,666(+16.2%)
Key Takeaway
Homes in Nutley Township have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Nutley Township was $620,000 in October 2024, up 16.2% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | $261K | +19.7% |
| 2 Bedrooms | $490K | $507.5K | +3.6% |
| 3 Bedrooms | $520K | $605K | +16.3% |
| 4 Bedrooms | $662.5K | $735K | +10.9% |
| 5+ Bedrooms | $797.5K | $830K | +4.1% |
Summary: Nutley Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Bloomfield Township | $496K | $578.3K | +16.6% |
| Bloomfield | $496K | $578.3K | +16.6% |
| Nutley Township | $533.3K | $620K | +16.2% |
| Nutley | $535K | $611.3K | +14.3% |
| Belleville | $410K | $460K | +12.2% |
Housing Supply in Nutley Township, NJ
How many homes are available in Nutley Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 89 | +8.5% |
Summary: The Nutley Township real estate market had 89 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 10 | 18 | +80.0% |
| 3 Bedrooms | 41 | 35 | -14.6% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Nutley Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nutley Township, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Nutley Township in October 2024, down by 42.1% month-over-month. Of the 11 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for Nutley Township, NJ
We’re sorry, we don't have information for this market at the moment
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.
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.