Is Warren County, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warren County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Warren County has remained a Seller's Market.

Key Takeaway

Warren County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Warren County, NJ

How much do homes in Warren County, NJ cost?

Median Sold Price

$385,666

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,283(+8.2%)

Key Takeaway

Homes in Warren County have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Warren County was $385,666 in October 2024, up 8.2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $206K$232.5K
+12.8%
2 $268.2K$315K
+17.4%
3 $353.4K$376.6K
+6.6%
4 $485K$526.5K
+8.6%
5+ $550K$537.5K
-2.3%

Summary: Warren County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Counties

Sussex County
+13.0%
Hunterdon County
+12.1%
Morris County
+10.9%
Warren County
+8.2%
Northampton County
+4.7%

Housing Supply in Warren County, NJ

How many homes are available in Warren County, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
478494+3.3%

Summary: The Warren County real estate market had 494 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 108
-20.0%
2 9198
+7.7%
3 186199
+7.0%
4 154146
-5.2%
5+ 3743
+16.2%

Summary: The Warren County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 16.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
9389-4.3%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warren County, you could pay more than the asking price. 46.1% of homes here sold above asking price last month.

Summary: A total of 89 homes were sold or pending in Warren County in October 2024, down by 4.3% month-over-month. Of the 89 sold homes, 38% were sold under asking, 16% were sold at asking, and 46% were sold over asking.

Days on Market for Warren County, NJ

How long does it take to sell a home in Warren County, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days122 Days+1945.8%

Summary: Homes in Warren County had an average of 122 days on market in Oct 2024, up by 1945.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Warren County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 89 homes were sold in Warren County; 2% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Warren County, NJ

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