Is Sparta, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sparta has remained a Seller's Market.
Key Takeaway
Sparta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparta, NJ
How much do homes in Sparta, NJ cost?
Median Sold Price
$544,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sparta have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Sparta was $544,000 in April 2024, up 8.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $247.5K | -1.0% |
| 2 Bedrooms | $316K | $335.2K | +6.1% |
| 3 Bedrooms | $426K | $480.5K | +12.8% |
| 4 Bedrooms | $636K | $675K | +6.1% |
| 5+ Bedrooms | $865K | $925K | +6.9% |
Summary: Sparta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Sparta | $500K | $544K | +8.8% |
| Sparta Township | $501.6K | $540.5K | +7.7% |
| Lafayette | $437.3K | $435K | -0.5% |
| Lafayette Township | $441.1K | $435K | -1.4% |
Housing Supply in Sparta, NJ
How many homes are available in Sparta, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 101 | +17.4% |
Summary: The Sparta real estate market had 101 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 17 | +54.5% |
| 3 Bedrooms | 29 | 35 | +20.7% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Sparta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparta, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Sparta in April 2024, up by 14.3% month-over-month. Of the 24 sold homes, 21% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Sparta, NJ
We’re sorry, we don't have information for this market at the moment
