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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Uptown is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Uptown was a Seller's Market.

Key Takeaway

Uptown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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 October 2023

+$50,000(+21.8%)

Key Takeaway

Homes in Uptown have sold for 21.8% more than they did a year ago.

Summary: The median home sold price in Uptown was $279,000 in October 2024, up 21.8% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $189.9K$210K
+10.6%
2 $255K$250K
-2.0%
3 $202.9K$292.5K
+44.1%
4 $417.5K$360K
-13.8%
5+ -$1.2M
N/A

Summary: Uptown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 44.1%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Uptown
+21.8%
South Inlet
+7.1%

Housing Supply in Uptown, NJ

How many homes are available in Uptown, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6766-1.5%

Summary: The Uptown real estate market had 66 homes for sale in October 2024, a 1.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1924
+26.3%
3 4237
-11.9%
4 54
-20.0%
5+ 11
0.0%

Summary: The Uptown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Uptown, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Uptown in October 2024, up by 60.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
55 Days65 Days+16.4%

Summary: Homes in Uptown had an average of 65 days on market in Oct 2024, up by 16.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 8 homes were sold in Uptown; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 4 Days Ago

Newest Listings in Uptown, NJ

Nearby Markets to Uptown, NJ