$6,352 Closing Credit*
$534,900
1,837 SqFt
2 Beds
•2 Full Baths
Listing Office: RE/MAX TOWN & VALLEY II
Is Rockaway 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, Rockaway Township has remained a Seller's Market.
Key Takeaway
Rockaway Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockaway Township, NJ
How much do homes in Rockaway Township, NJ cost?
Median Sold Price
$515,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$63,500(+14.1%)
Key Takeaway
Homes in Rockaway Township have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Rockaway Township was $515,000 in November 2024, up 14.1% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $334.9K | +8.0% |
| 2 Bedrooms | $420K | $442K | +5.2% |
| 3 Bedrooms | $437.5K | $515K | +17.7% |
| 4 Bedrooms | $537.5K | $655K | +21.9% |
| 5+ Bedrooms | $675K | $802.5K | +18.9% |
Summary: Rockaway Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Rockaway | $450.7K | $515K | +14.3% |
| Rockaway Township | $451.5K | $515K | +14.1% |
| Boonton Township | $615K | $649.4K | +5.6% |
| Denville Township | $565K | $595K | +5.3% |
| Denville | $574K | $595K | +3.7% |
Housing Supply in Rockaway Township, NJ
How many homes are available in Rockaway Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 125 | 111 | -11.2% |
Summary: The Rockaway Township real estate market had 111 homes for sale in November 2024, a 11.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 36 | 26 | -27.8% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 31 | 32 | +3.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Rockaway Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 23 | -43.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockaway Township, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Rockaway Township in November 2024, down by 43.9% month-over-month. Of the 23 sold homes, 13% were sold under asking, 17% were sold at asking, and 70% were sold over asking.
Days on Market for Rockaway 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.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.