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 neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Warren County was a Seller's Market.

Key Takeaway

Warren County 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 Warren County, NJ

How much do homes in Warren County, NJ cost?

Median Sold Price

$386,194

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,279(+7.3%)

Key Takeaway

Homes in Warren County have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Warren County was $386,194 in November 2024, up 7.3% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $204K$242.5K
+18.9%
2 $270K$315K
+16.7%
3 $358.8K$377.1K
+5.1%
4 $488.5K$535.3K
+9.6%
5+ $555K$537.5K
-3.2%

Summary: Warren County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Counties

Sussex County
+13.6%
Hunterdon County
+13.4%
Morris County
+11.4%
Warren County
+7.3%
Northampton County
+4.9%

Housing Supply in Warren County, NJ

How many homes are available in Warren County, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
468466-0.4%

Summary: The Warren County real estate market had 466 homes for sale in November 2024, a 0.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 88
0.0%
2 9586
-9.5%
3 190184
-3.2%
4 135144
+6.7%
5+ 4044
+10.0%

Summary: The Warren County 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 decreased by 9.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9877-21.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

43 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. 55.8% of homes here sold above asking price last month.

Summary: A total of 77 homes were sold or pending in Warren County in November 2024, down by 21.4% month-over-month. Of the 77 sold homes, 27% were sold under asking, 17% were sold at asking, and 56% 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

Nov 2023Nov 2024CHANGE
32 Days101 Days+210.8%

Summary: Homes in Warren County had an average of 101 days on market in Nov 2024, up by 210.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Warren County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 77 homes were sold in Warren County; 0% of homes were sold within 30 days, 0% 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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