$10,000 Closing Credit*
$899,000
3 Beds
•4 Full Baths
Thomas Mikalouskas, Listing Office: Keller Williams Valley Realty
Is River Vale Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, River Vale Township was a Seller's Market.
Key Takeaway
River Vale Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in River Vale Township, NJ
How much do homes in River Vale Township, NJ cost?
Median Sold Price
$1,120,275
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$170,275(+17.9%)
Key Takeaway
Homes in River Vale Township have sold for 17.9% 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 | $755K | $1.1M | +48.4% |
| 4 Bedrooms | $1.0M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: River Vale Township 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 increased by 48.4%, 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 River Vale Township, NJ
How many homes are available in River Vale Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The River Vale Township real estate market had 13 homes for sale in November 2024, a 7.1% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The River Vale Township 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in River Vale Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in River Vale Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for River Vale Township, NJ
We’re sorry, we don't have information for this market at the moment
