$6,472 Closing Credit*
$545,000
3 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS TOWNE SQUARE REAL
Is Warren Township, 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, Warren Township has remained a Seller's Market.
Key Takeaway
Warren Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warren Township, NJ
How much do homes in Warren Township, NJ cost?
Median Sold Price
$1,150,000
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$110,500(+10.6%)
Key Takeaway
Homes in Warren Township have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Warren Township was $1,150,000 in November 2024, up 10.6% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $631K | +45.1% |
| 3 Bedrooms | $699.5K | $985K | +40.8% |
| 4 Bedrooms | $887.5K | $995K | +12.1% |
| 5+ Bedrooms | $1.4M | $1.6M | +10.2% |
Summary: Warren Township 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 45.1%, 3 bedroom homes increased by 40.8%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Long Hill Township | $650K | $755K | +16.2% |
| Warren | $1.0M | $1.1M | +12.3% |
| Warren Township | $1.0M | $1.1M | +10.6% |
| Basking Ridge | $753.3K | $817.6K | +8.5% |
Housing Supply in Warren Township, NJ
How many homes are available in Warren Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 61 | -6.2% |
Summary: The Warren Township real estate market had 61 homes for sale in November 2024, a 6.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Warren Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren Township, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Warren Township in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Warren Township, NJ
How long does it take to sell a home in Warren Township, NJ?
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 Warren Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Warren Township; 7% 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.
