$100,000
Land
Peter Ingrasselino, Listing Office: EXP Realty, LLC
Is Wantage Township, 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, Wantage Township was a Seller's Market.
Key Takeaway
Wantage Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wantage Township, NJ
How much do homes in Wantage Township, NJ cost?
Median Sold Price
$435,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+10.8%)
Key Takeaway
Homes in Wantage Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Wantage Township was $435,000 in October 2024, up 10.8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | - | N/A |
| 2 Bedrooms | $249.9K | $289.5K | +15.8% |
| 3 Bedrooms | $379K | $420K | +10.8% |
| 4 Bedrooms | $500K | $530K | +6.0% |
| 5+ Bedrooms | $552.5K | $635K | +14.9% |
Summary: Wantage Township 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 15.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Sussex | $360.7K | $406.2K | +12.6% |
| Vernon Township | $292K | $328.4K | +12.5% |
| Wantage Township | $392.5K | $435K | +10.8% |
| Hardyston Township | $365K | $392.4K | +7.5% |
Housing Supply in Wantage Township, NJ
How many homes are available in Wantage Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 54 | +14.9% |
Summary: The Wantage Township real estate market had 54 homes for sale in October 2024, a 14.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Wantage Township 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 60%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wantage Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Wantage Township in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Wantage Township, NJ
We’re sorry, we don't have information for this market at the moment
