$10,000 Closing Credit*
$1,650,950
5 Beds
•5 Full Baths, 1 Partial
Susan Laskin, Listing Office: Coldwell Banker, Hillsdale
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
$950,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$240,000(+33.8%)
Key Takeaway
Homes in River Vale Township have sold for 33.8% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $885.7K | $755K | -14.8% |
| 4 Bedrooms | $710K | $1.0M | +45.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: River Vale Township housing prices by bedroom type for October 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 14.8%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes did not change.
Housing Supply in River Vale Township, NJ
How many homes are available in River Vale Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The River Vale Township real estate market had 18 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The River Vale Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Vale Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in River Vale Township in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
