$4,857 Closing Credit*
$409,000
2 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is Wanaque, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wanaque has remained a Seller's Market.
Key Takeaway
Wanaque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wanaque, NJ
How much do homes in Wanaque, NJ cost?
Median Sold Price
$455,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,550(+4.0%)
Key Takeaway
Homes in Wanaque have sold for 4% more than they did a year ago.
Summary: The median home sold price in Wanaque was $455,000 in November 2024, up 4% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | - | N/A |
| 2 Bedrooms | $415K | $449.9K | +8.4% |
| 3 Bedrooms | $457K | $489.5K | +7.1% |
| 4 Bedrooms | $495K | $520K | +5.1% |
| 5+ Bedrooms | $602.5K | $627.5K | +4.1% |
Summary: Wanaque 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 increased by 8.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Haskell | $405K | $450K | +11.1% |
| Bloomingdale | $445K | $490K | +10.1% |
| Ringwood | $495K | $540K | +9.1% |
| Wanaque | $437.4K | $455K | +4.0% |
| Oakland | $635K | $632K | -0.5% |
Housing Supply in Wanaque, NJ
How many homes are available in Wanaque, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 60 | +3.4% |
Summary: The Wanaque real estate market had 60 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Wanaque 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 11.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wanaque, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Wanaque in November 2024, up by 44.4% month-over-month. Of the 13 sold homes, 8% were sold under asking, 31% were sold at asking, and 62% were sold over asking.
Days on Market for Wanaque, NJ
How long does it take to sell a home in Wanaque, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | 0.0% |
Summary: Homes in Wanaque had an average of 20 days on market in Nov 2024, the same as last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wanaque are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Wanaque; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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