$10,000 Closing Credit*
$1,375,000
4 Beds
•3 Full Baths
Natalie Alonso, Listing Office: Coldwell Banker, Clifton
Is Rutherford, 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, Rutherford has remained a Buyer's Market.
Key Takeaway
Rutherford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rutherford, NJ
How much do homes in Rutherford, NJ cost?
Median Sold Price
$913,000
-
Based on all homes sold in December 2024.
Difference Since Last Month
+$218,000(+31.4%)
Key Takeaway
Homes in Rutherford have sold for 31.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $625K | $750K | +20.0% |
| 4 Bedrooms | - | $1.0M | N/A |
| 5+ Bedrooms | $695K | $1.0M | +47.5% |
Summary: Rutherford housing prices by bedroom type for December 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 20%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 47.5%.
Median Sold Price Compared To Nearby Cities
| Rutherford | $695K | $913K | +31.4% |
| Lyndhurst | $970K | $600K | -38.1% |
| Lyndhurst Township | $970K | $600K | -38.1% |
Housing Supply in Rutherford, NJ
How many homes are available in Rutherford, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The Rutherford real estate market had 33 homes for sale in December 2024, a 3.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Rutherford housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutherford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Rutherford in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rutherford, NJ
How long does it take to sell a home in Rutherford, NJ?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 55 Days | 6 Days | -89.2% |
Summary: Homes in Rutherford had an average of 6 days on market in Dec 2024, down by 89.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rutherford are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Rutherford; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
