Is Saddle Brook, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saddle Brook is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Saddle Brook has remained a Buyer's Market.

Key Takeaway

Saddle Brook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Saddle Brook, NJ

How much do homes in Saddle Brook, NJ cost?

Median Sold Price

$520,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$207,500(-28.5%)

Key Takeaway

Homes in Saddle Brook have sold for 28.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$481K
N/A
3 -$520K
N/A
4 $655K$710K
+8.4%
5+ $800K-
N/A

Summary: Saddle Brook 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 did not change, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Saddle Brook
-28.5%
Saddle Brook Township
-28.5%

Housing Supply in Saddle Brook, NJ

How many homes are available in Saddle Brook, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2027+35.0%

Summary: The Saddle Brook real estate market had 27 homes for sale in October 2024, a 35.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 712
+71.4%
4 810
+25.0%
5+ 32
-33.3%

Summary: The Saddle Brook housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saddle Brook, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Saddle Brook in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Saddle Brook, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Saddle Brook, NJ

Nearby Markets to Saddle Brook, NJ

What housing markets are near Saddle Brook, NJ?