Is Whitehouse Station, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Whitehouse Station is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Whitehouse Station has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Whitehouse Station, NJ

How much do homes in Whitehouse Station, NJ cost?

Median Sold Price

$685,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$103,684(+17.8%)

Key Takeaway

Homes in Whitehouse Station have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in Whitehouse Station was $685,000 in November 2024, up 17.8% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $440K$461K
+4.8%
3 $544.5K$575K
+5.6%
4 $692.5K$835K
+20.6%
5+ $900K$965K
+7.2%

Summary: Whitehouse Station 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 4.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Cities

Whitehouse Station
+17.8%
Branchburg Township
+11.1%
Bedminster Township
+11.1%
Readington Township
+7.4%

Housing Supply in Whitehouse Station, NJ

How many homes are available in Whitehouse Station, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5147-7.8%

Summary: The Whitehouse Station real estate market had 47 homes for sale in November 2024, a 7.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 118
-27.3%
3 1921
+10.5%
4 1413
-7.1%
5+ 64
-33.3%

Summary: The Whitehouse Station 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 27.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whitehouse Station, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Whitehouse Station in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.

Days on Market for Whitehouse Station, NJ

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in Whitehouse Station, NJ

Nearby Markets to Whitehouse Station, NJ

What housing markets are near Whitehouse Station, NJ?