$10,000 Closing Credit*
$1,649,000
5 Beds
•4 Full Baths, 1 Partial
Armene Abbattista, Listing Office: Keller Williams Prosperity Realty
Is Towaco, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Towaco has remained a Seller's Market.
Key Takeaway
Towaco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Towaco, NJ
How much do homes in Towaco, NJ cost?
Median Sold Price
$815,000
-
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$95,000(+13.2%)
Key Takeaway
Homes in Towaco have sold for 13.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $322K | +19.3% |
| 2 Bedrooms | $550K | $500K | -9.1% |
| 3 Bedrooms | $630K | $640K | +1.6% |
| 4 Bedrooms | $880K | $845K | -4.0% |
| 5+ Bedrooms | $1.0M | $1.3M | +23.8% |
Summary: Towaco housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 23.8%.
Median Sold Price Compared To Nearby Cities
| Montville Township | $700K | $825K | +17.9% |
| Montville | $675K | $785K | +16.3% |
| Fairfield Township | $625K | $726.5K | +16.2% |
| Towaco | $720K | $815K | +13.2% |
| Lincoln Park | $443K | $475K | +7.2% |
Housing Supply in Towaco, NJ
How many homes are available in Towaco, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Towaco real estate market had 16 homes for sale in December 2024, a 5.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Towaco housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Towaco, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Towaco in December 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Towaco, NJ
We’re sorry, we don't have information for this market at the moment
