$9,963 Closing Credit*
$839,000
5 Beds
•3 Full Baths
Christian Cobo, Listing Office: Better Homes and Gardens Real Estate Elite
Is Teaneck Township, 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, Teaneck Township has remained a Buyer's Market.
Key Takeaway
Teaneck Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Teaneck Township, NJ
How much do homes in Teaneck Township, NJ cost?
Median Sold Price
$550,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$45,000(-7.6%)
Key Takeaway
Homes in Teaneck Township have sold for 7.6% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $550K | N/A |
| 3 Bedrooms | $640K | $540.5K | -15.5% |
| 4 Bedrooms | $575K | $800K | +39.1% |
| 5+ Bedrooms | $565K | - | N/A |
Summary: Teaneck Township housing prices by bedroom type for November 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 decreased by 15.5%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hackensack | $375K | $552.5K | +47.3% |
| Teaneck Township | $595K | $550K | -7.6% |
| Teaneck | $595K | $550K | -7.6% |
Housing Supply in Teaneck Township, NJ
How many homes are available in Teaneck Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 57 | +21.3% |
Summary: The Teaneck Township real estate market had 57 homes for sale in November 2024, a 21.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Teaneck 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 increased by 133.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Teaneck Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Teaneck Township in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Teaneck Township, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.