$3,438 Closing Credit*
$289,500
1,368 SqFt
2 Beds
•2 Full Baths
Kimberlee Anne McClellan, Listing Office: Ai Brokers LLC
Is Vernon Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Vernon Township was a Seller's Market.
Key Takeaway
Vernon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Vernon Township, NJ
How much do homes in Vernon Township, NJ cost?
Median Sold Price
$330,800
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,717(+12.1%)
Key Takeaway
Homes in Vernon Township have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Vernon Township was $330,800 in November 2024, up 12.1% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $168K | +5.0% |
| 2 Bedrooms | $240K | $261.6K | +9.0% |
| 3 Bedrooms | $329.5K | $385K | +16.8% |
| 4 Bedrooms | $460K | $470K | +2.2% |
| 5+ Bedrooms | $625K | $455K | -27.2% |
Summary: Vernon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 27.2%.
Median Sold Price Compared To Nearby Cities
| Highland Lakes | $324.5K | $375K | +15.6% |
| Glenwood | $350K | $400K | +14.3% |
| Vernon | $230K | $262.5K | +14.1% |
| Vernon Township | $295K | $330.8K | +12.1% |
| Wantage Township | $397.4K | $435K | +9.4% |
Housing Supply in Vernon Township, NJ
How many homes are available in Vernon Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 195 | 195 | 0.0% |
Summary: The Vernon Township real estate market had 195 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 24 | +4.3% |
| 2 Bedrooms | 69 | 71 | +2.9% |
| 3 Bedrooms | 73 | 74 | +1.4% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Vernon Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 26 | -33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vernon Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Vernon Township in November 2024, down by 33.3% month-over-month. Of the 26 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Vernon Township, NJ
How long does it take to sell a home in Vernon Township, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Vernon Township has remained consistent over time.
Summary: During November 2024, 26 homes were sold in Vernon Township; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.