Is Greenwich Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Greenwich Township was a Buyer's Market.
Housing Prices in Greenwich Township, NJ
How much do homes in Greenwich Township, NJ cost?
Median Sold Price
$485,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Greenwich Township was $485,000 in April 2024, down 7.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $140K | $220.6K | +57.6% |
3 Bedrooms | $400K | $299.9K | -25.0% |
4 Bedrooms | $559.9K | $575K | +2.7% |
5+ Bedrooms | $585K | $660K | +12.8% |
Summary: Greenwich Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $300K | $355K | +18.3% |
Lopatcong Township | $315K | $366.5K | +16.3% |
Bloomsbury | $495K | $485K | -2.0% |
Stewartsville | $445K | $425K | -4.5% |
Greenwich Township | $525K | $485K | -7.6% |
Housing Supply in Greenwich Township, NJ
How many homes are available in Greenwich Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Summary: The Greenwich Township real estate market had 23 homes for sale in April 2024, a 15.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Greenwich Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Greenwich Township in April 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Greenwich Township, NJ
How long does it take to sell a home in Greenwich Township, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Greenwich Township; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.