Is Blairstown, 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, Blairstown has remained a Seller's Market.
Key Takeaway
Blairstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blairstown, NJ
How much do homes in Blairstown, NJ cost?
Median Sold Price
$485,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blairstown have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Blairstown was $485,000 in May 2024, up 13.1% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $259.2K | $269.9K | +4.1% |
| 3 Bedrooms | $377.5K | $446K | +18.1% |
| 4 Bedrooms | $539K | $526.5K | -2.3% |
| 5+ Bedrooms | $550K | $597K | +8.5% |
Summary: Blairstown 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 4.1%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Hope Township | $355K | $549K | +54.6% |
| Blairstown Township | $412.5K | $468.5K | +13.6% |
| Blairstown | $429K | $485K | +13.1% |
Housing Supply in Blairstown, NJ
How many homes are available in Blairstown, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 51 | +24.4% |
Summary: The Blairstown real estate market had 51 homes for sale in May 2024, a 24.4% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Blairstown 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 31.3%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blairstown, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Blairstown in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Blairstown, NJ
How long does it take to sell a home in Blairstown, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 15 Days | -73.2% |
Summary: Homes in Blairstown had an average of 15 days on market in May 2024, down by 73.2% 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 Blairstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Blairstown; 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.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.