Is Sparta Township, 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 Township has remained a Seller's Market.
Housing Prices in Sparta Township, NJ
How much do homes in Sparta Township, NJ cost?
Median Sold Price
$540,500
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sparta Township was $540,500 in April 2024, up 7.7% 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 | $479.5K | +12.6% |
4 Bedrooms | $642K | $675K | +5.1% |
5+ Bedrooms | $865K | $925K | +6.9% |
Summary: Sparta Township 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 12.6%, 4 bedroom homes increased by 5.1%, 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 Township, NJ
How many homes are available in Sparta Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 101 | +18.8% |
Summary: The Sparta Township real estate market had 101 homes for sale in April 2024, a 18.8% 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 | 36 | +24.1% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Sparta Township 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 24.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Sparta Township in April 2024, up by 9.5% month-over-month. Of the 23 sold homes, 22% were sold under asking, 13% were sold at asking, and 65% were sold over asking.
Days on Market for Sparta Township, NJ
We’re sorry, we don't have information for this market at the moment