$10,000 Closing Credit*
$1,599,580
3 Beds
•3 Full Baths, 1 Partial
Stephanie Posnak, Listing Office: Toll Brothers Real Estate, Inc
Is Old Tappan, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Old Tappan has remained a Buyer's Market.
Key Takeaway
Old Tappan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Tappan, NJ
How much do homes in Old Tappan, NJ cost?
Median Sold Price
$1,460,550
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$570,550(+64.1%)
Key Takeaway
Homes in Old Tappan have sold for 64.1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $1.4M | N/A |
| 4 Bedrooms | $890K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Old Tappan 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Old Tappan | $890K | $1.4M | +64.1% |
| River Vale Township | $950K | $1.1M | +17.9% |
Housing Supply in Old Tappan, NJ
How many homes are available in Old Tappan, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Old Tappan real estate market had 16 homes for sale in November 2024, a 23.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Old Tappan 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 decreased by 25%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Tappan, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Old Tappan in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Old Tappan, NJ
We’re sorry, we don't have information for this market at the moment
