$6,116 Closing Credit*
$515,000
4 Beds
•1 Full Bath, 1 Partial
Listing Office: NICHOLAS REAL ESTATE AGENCY
Is Saddle Brook, 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, 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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $481K | N/A |
| 3 Bedrooms | - | $520K | N/A |
| 4 Bedrooms | $655K | $710K | +8.4% |
| 5+ Bedrooms | $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 | $727.5K | $520K | -28.5% |
| Saddle Brook Township | $727.5K | $520K | -28.5% |
Housing Supply in Saddle Brook, NJ
How many homes are available in Saddle Brook, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 2 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +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
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
