Is Great Meadows, 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, Great Meadows was a Buyer's Market.
Housing Prices in Great Meadows, NJ
How much do homes in Great Meadows, NJ cost?
Median Sold Price
$507,500
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Great Meadows was $507,500 in April 2024, up 36.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $262K | +6.9% |
2 Bedrooms | $270K | $322.5K | +19.4% |
3 Bedrooms | $339K | $530K | +56.3% |
4 Bedrooms | $468K | $552.5K | +18.1% |
5+ Bedrooms | $570K | $555K | -2.6% |
Summary: Great Meadows housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
Great Meadows | $371.5K | $507.5K | +36.6% |
Liberty Township | $375K | $479.5K | +27.9% |
Independence Township | $325K | $353.2K | +8.7% |
Housing Supply in Great Meadows, NJ
How many homes are available in Great Meadows, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Summary: The Great Meadows real estate market had 14 homes for sale in April 2024, a 75.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 9 | +200.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Great Meadows housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Great Meadows in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Great Meadows, NJ
We’re sorry, we don't have information for this market at the moment