Is Uptown, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Uptown is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Uptown was a Neutral Market.

Key Takeaway

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

Housing Prices in Uptown, NJ

How much do homes in Uptown, NJ cost?

Median Sold Price

$279,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,000(+21.3%)

Key Takeaway

Homes in Uptown have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in Uptown was $279,000 in November 2024, up 21.3% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $189.9K-
N/A
2 $252.5K$250K
-1.0%
3 $216K$292.5K
+35.4%
4 $417.5K$530K
+26.9%
5+ -$1.2M
N/A

Summary: Uptown 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 decreased by 1%, 3 bedroom homes increased by 35.4%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes did not change.

Housing Supply in Uptown, NJ

How many homes are available in Uptown, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
61610.0%

Summary: The Uptown real estate market had 61 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2022
+10.0%
3 3630
-16.7%
4 46
+50.0%
5+ 13
+200.0%

Summary: The Uptown 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 10%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 11 homes were sold or pending in Uptown in November 2024, up by 57.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for Uptown, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days70 Days+177.4%

Summary: Homes in Uptown had an average of 70 days on market in Nov 2024, up by 177.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Uptown has remained consistent over time.

Summary: During November 2024, 11 homes were sold in Uptown; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 36% 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 21 Days Ago

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