$195,000
Land
Blake Dolak, Listing Office: Realty Executives Exceptional Realtors-Kinnelon
Is Sparta 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, Sparta Township has remained a Seller's Market.
Key Takeaway
Sparta Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparta Township, NJ
How much do homes in Sparta Township, NJ cost?
Median Sold Price
$570,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,812(+8.5%)
Key Takeaway
Homes in Sparta Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Sparta Township was $570,000 in November 2024, up 8.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $300K | +17.6% |
| 2 Bedrooms | $350K | $363K | +3.7% |
| 3 Bedrooms | $455K | $490K | +7.7% |
| 4 Bedrooms | $675K | $675K | 0.0% |
| 5+ Bedrooms | $921.5K | $938.8K | +1.9% |
Summary: Sparta Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Sparta Township | $525.1K | $570K | +8.5% |
| Sparta | $525.1K | $570K | +8.5% |
| Lafayette | $480K | $420K | -12.5% |
| Lafayette Township | $480K | $415K | -13.5% |
Housing Supply in Sparta Township, NJ
How many homes are available in Sparta Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 99 | +2.1% |
Summary: The Sparta Township real estate market had 99 homes for sale in November 2024, a 2.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 38 | 35 | -7.9% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Sparta Township 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 increased by 8.1%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparta Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Sparta Township in November 2024, up by 17.6% month-over-month. Of the 20 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Sparta Township, NJ
We’re sorry, we don't have information for this market at the moment
