Is Clark, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Clark was a Neutral Market.
Housing Prices in Clark, NJ
How much do homes in Clark, NJ cost?
Median Sold Price
$649,500
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Clark was $649,500 in April 2024, up 9.5% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.5K | $270K | +4.9% |
2 Bedrooms | $365K | $600K | +64.4% |
3 Bedrooms | $566.5K | $587.5K | +3.7% |
4 Bedrooms | $680K | $690K | +1.5% |
5+ Bedrooms | $829K | $865K | +4.3% |
Summary: Clark housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 64.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Cranford | $615K | $685K | +11.4% |
Clark | $593K | $649.5K | +9.5% |
Clark Township | $593K | $649K | +9.4% |
Rahway | $415K | $445K | +7.2% |
Housing Supply in Clark, NJ
How many homes are available in Clark, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Summary: The Clark real estate market had 43 homes for sale in April 2024, a 16.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Clark housing inventory by bedroom type for April 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 25%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Clark in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 7% were sold under asking, 0% were sold at asking, and 93% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 10 Days | -25.0% |
Summary: Homes in Clark had an average of 10 days on market in Apr 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Clark; 14% 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.