$10,000 Closing Credit*
$1,274,900
2,783 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is Warren 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, Warren Township was a Seller's Market.
Key Takeaway
Warren Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Warren Township, NJ
How much do homes in Warren Township, NJ cost?
Median Sold Price
$1,194,500
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$146,250(+14.0%)
Key Takeaway
Homes in Warren Township have sold for 14% more than they did a year ago.
Summary: The median home sold price in Warren Township was $1,194,500 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 | $1.0M | +37.9% |
| 4 Bedrooms | $890K | $997K | +12.0% |
| 5+ Bedrooms | $1.3M | $1.6M | +17.2% |
Summary: Warren 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 40.4%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Warren Township | $1.0M | $1.1M | +14.0% |
| Warren | $1.0M | $1.1M | +14.0% |
| Long Hill Township | $630.5K | $718K | +13.9% |
| Basking Ridge | $733K | $807.5K | +10.2% |
Housing Supply in Warren Township, NJ
How many homes are available in Warren Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 73 | +21.7% |
Summary: The Warren Township real estate market had 73 homes for sale in October 2024, a 21.7% 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 | 23 | 32 | +39.1% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Warren 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 100%, 3 bedroom homes increased by 39.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.9%.
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 Township, 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 Township 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 Township, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.