$3,488,000
6 Beds
•6 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is Short Hills, 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, Short Hills has remained a Seller's Market.
Key Takeaway
Short Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Short Hills, NJ
How much do homes in Short Hills, NJ cost?
Median Sold Price
$2,173,995
$658/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$251,495(+13.1%)
Key Takeaway
Homes in Short Hills have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Short Hills was $2,173,995 in November 2024, up 13.1% from last year, and the median price per square foot was $658.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $750K | - | N/A |
| 3 Bedrooms | $1.4M | $1.4M | +1.1% |
| 4 Bedrooms | $1.6M | $1.8M | +10.8% |
| 5+ Bedrooms | $2.2M | $2.6M | +16.8% |
Summary: Short Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Springfield Township | $562.5K | $672.5K | +19.6% |
| Short Hills | $1.9M | $2.1M | +13.1% |
| Summit | $1.1M | $1.2M | +12.2% |
| Millburn | $1.1M | $1.1M | +5.9% |
| Millburn Township | $1.7M | $1.7M | +3.8% |
Housing Supply in Short Hills, NJ
How many homes are available in Short Hills, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 43 | -2.3% |
Summary: The Short Hills real estate market had 43 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The Short Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Short Hills, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Short Hills in November 2024, up by 80.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Short Hills, NJ
We’re sorry, we don't have information for this market at the moment
