Is Buena, 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, Buena has remained a Seller's Market.
Housing Prices in Buena, NJ
How much do homes in Buena, NJ cost?
Median Sold Price
$247,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buena was $247,000 in May 2024, down 3.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155.5K | N/A |
2 Bedrooms | $227K | $163.1K | -28.1% |
3 Bedrooms | $258K | $265K | +2.7% |
4 Bedrooms | $285K | $325K | +14.0% |
5+ Bedrooms | $323.6K | $355K | +9.7% |
Summary: Buena 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 decreased by 28.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $280K | $332K | +18.6% |
Buena Vista Township | $260K | $280.5K | +7.9% |
Buena | $257K | $247K | -3.9% |
Housing Supply in Buena, NJ
How many homes are available in Buena, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Summary: The Buena real estate market had 25 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Buena housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Buena in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Buena, NJ
How long does it take to sell a home in Buena, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 40 Days | +123.3% |
Summary: Homes in Buena had an average of 40 days on market in May 2024, up by 123.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Buena; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.