$6,175 Closing Credit*
$519,963
4 Beds
•2 Full Baths, 1 Partial
Listing Office: REALTY EXECUTIVES FIRST CLASS
Is Wharton, 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, Wharton has remained a Buyer's Market.
Key Takeaway
Wharton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wharton, NJ
How much do homes in Wharton, NJ cost?
Median Sold Price
$470,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+14.6%)
Key Takeaway
Homes in Wharton have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Wharton was $470,000 in November 2024, up 14.6% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.4K | $307K | +26.6% |
| 2 Bedrooms | $375K | $450K | +20.0% |
| 3 Bedrooms | $415K | $465K | +12.0% |
| 4 Bedrooms | $445.5K | $538.8K | +21.0% |
| 5+ Bedrooms | $770.3K | - | N/A |
Summary: Wharton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 21%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wharton | $410K | $470K | +14.6% |
| Dover | $400K | $450K | +12.5% |
| Roxbury Township | $477.5K | $530K | +11.0% |
Housing Supply in Wharton, NJ
How many homes are available in Wharton, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Wharton real estate market had 34 homes for sale in November 2024, a 3.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wharton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wharton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Wharton in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Wharton, NJ
How long does it take to sell a home in Wharton, 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 Wharton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Wharton; 33% 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.
