Is The Heights, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing The Heights is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, The Heights has remained a Seller's Market.

Key Takeaway

The Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in The Heights, NJ

How much do homes in The Heights, NJ cost?

Median Sold Price

$799,000

$547/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$71,533(+9.8%)

Key Takeaway

Homes in The Heights have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in The Heights was $799,000 in December 2024, up 9.8% from last year, and the median price per square foot was $547.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $280K$285K
+1.8%
2 $539.9K$522.5K
-3.2%
3 $803K$870K
+8.3%
4 $855K$875K
+2.3%
5+ $893.5K$927.5K
+3.8%

Summary: The Heights housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Neighborhoods

West Side
+26.4%
The Heights
+9.8%
Downtown Jersey City
+4.8%
Journal Square
-9.1%

Housing Supply in The Heights, NJ

How many homes are available in The Heights, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
179158-11.7%

Summary: The The Heights real estate market had 158 homes for sale in December 2024, a 11.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 56
+20.0%
2 3333
0.0%
3 7463
-14.9%
4 2420
-16.7%
5+ 4336
-16.3%

Summary: The The Heights housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 16.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3628-22.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in The Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in The Heights in December 2024, down by 22.2% month-over-month. Of the 24 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for The Heights, NJ

How long does it take to sell a home in The Heights, NJ?

Average Sale Time

Dec 2023Dec 2024CHANGE
38 Days36 Days-4.5%

Summary: Homes in The Heights had an average of 36 days on market in Dec 2024, down by 4.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in The Heights are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 28 homes were sold in The Heights; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in The Heights, NJ

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