Is Byram Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Byram Township was a Seller's Market.
Key Takeaway
Byram Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Byram Township, NJ
How much do homes in Byram Township, NJ cost?
Median Sold Price
$447,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Byram Township have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Byram Township was $447,000 in May 2024, up 7.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $263.5K | $301K | +14.2% |
| 3 Bedrooms | $394.9K | $410K | +3.8% |
| 4 Bedrooms | $530K | $575.5K | +8.6% |
| 5+ Bedrooms | $590K | $809.5K | +37.2% |
Summary: Byram Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 37.2%.
Median Sold Price Compared To Nearby Cities
| Stanhope | $335K | $390K | +16.4% |
| Andover | $437.4K | $502.5K | +14.9% |
| Hopatcong | $343.7K | $385K | +12.0% |
| Landing | $406K | $445K | +9.6% |
| Byram Township | $414.5K | $447K | +7.8% |
Housing Supply in Byram Township, NJ
How many homes are available in Byram Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 48 | +60.0% |
Summary: The Byram Township real estate market had 48 homes for sale in May 2024, a 60.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 23 | +109.1% |
| 4 Bedrooms | 14 | 20 | +42.9% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Byram Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 109.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Byram Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Byram Township in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Byram Township, NJ
How long does it take to sell a home in Byram 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 Byram Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Byram Township; 13% 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.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.