$8,301 Closing Credit*
$699,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is Warren, 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, Warren was a Seller's Market.
Key Takeaway
Warren is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Warren, NJ
How much do homes in Warren, NJ cost?
Median Sold Price
$1,195,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$146,750(+14.0%)
Key Takeaway
Homes in Warren have sold for 14% more than they did a year ago.
Summary: The median home sold price in Warren was $1,195,000 in October 2024, up 14% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $460K | $646K | +40.4% |
| 3 Bedrooms | $729K | $960K | +31.7% |
| 4 Bedrooms | $887.5K | $997K | +12.3% |
| 5+ Bedrooms | $1.3M | $1.6M | +18.4% |
Summary: Warren 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 40.4%, 3 bedroom homes increased by 31.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Warren | $1.0M | $1.1M | +14.0% |
| Warren Township | $1.0M | $1.1M | +14.0% |
| Long Hill Township | $630.5K | $718K | +13.9% |
Housing Supply in Warren, NJ
How many homes are available in Warren, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 68 | +21.4% |
Summary: The Warren real estate market had 68 homes for sale in October 2024, a 21.4% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 21 | 29 | +38.1% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Warren 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 100%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Warren in October 2024, down by 35.7% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Warren, NJ
We’re sorry, we don't have information for this market at the moment
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