$7,480 Closing Credit*
$629,900
2 Beds
•2 Full Baths, 2 Partial
Katarzyna Jackowska, Listing Office: Re/Max Venture Realtors
Is Wanaque, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wanaque was a Seller's Market.
Key Takeaway
Wanaque is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wanaque, NJ
How much do homes in Wanaque, NJ cost?
Median Sold Price
$455,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+6.3%)
Key Takeaway
Homes in Wanaque have sold for 6.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $259.9K | N/A |
| 2 Bedrooms | $414K | $449.9K | +8.7% |
| 3 Bedrooms | $430K | $475K | +10.5% |
| 4 Bedrooms | $495K | $485.4K | -1.9% |
| 5+ Bedrooms | $570.5K | $627.5K | +10.0% |
Summary: Wanaque housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Haskell | $400K | $447.5K | +11.9% |
| Bloomingdale | $445K | $487.5K | +9.6% |
| Wanaque | $428K | $455K | +6.3% |
| Ringwood | $483.5K | $510K | +5.5% |
| Oakland | $630K | $634.7K | +0.8% |
Housing Supply in Wanaque, NJ
How many homes are available in Wanaque, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 63 | +34.0% |
Summary: The Wanaque real estate market had 63 homes for sale in October 2024, a 34.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 20 | +25.0% |
| 3 Bedrooms | 16 | 25 | +56.3% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wanaque 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 25%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wanaque, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Wanaque in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Wanaque, NJ
We’re sorry, we don't have information for this market at the moment
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