Is Clark, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clark has remained a Seller's Market.
Key Takeaway
Clark is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clark, NJ
How much do homes in Clark, NJ cost?
Median Sold Price
$650,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clark have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Clark was $650,000 in May 2024, up 9.2% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $280K | +7.7% |
| 2 Bedrooms | $382.5K | $600K | +56.9% |
| 3 Bedrooms | $569K | $597.5K | +5.0% |
| 4 Bedrooms | $680K | $694.9K | +2.2% |
| 5+ Bedrooms | $850K | $878K | +3.3% |
Summary: Clark housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 56.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Cranford | $620K | $685K | +10.5% |
| Clark | $595K | $650K | +9.2% |
| Clark Township | $595K | $649.5K | +9.2% |
| Rahway | $423.8K | $450K | +6.2% |
Housing Supply in Clark, NJ
How many homes are available in Clark, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Summary: The Clark real estate market had 39 homes for sale in May 2024, a 4.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Clark housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clark, 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 Clark in May 2024, down by 33.3% 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 Clark, NJ
How long does it take to sell a home in Clark, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 142 Days | 17 Days | -88.0% |
Summary: Homes in Clark had an average of 17 days on market in May 2024, down by 88% compared to last year.
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 Clark are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Clark; 10% 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.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.