Is Allendale, 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, Allendale was a Neutral Market.
Key Takeaway
Allendale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Allendale, NJ
How much do homes in Allendale, NJ cost?
Median Sold Price
$1,032,499
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Allendale have sold for 12.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $485.3K | $449K | -7.5% |
| 3 Bedrooms | $666K | $965K | +44.9% |
| 4 Bedrooms | $1.0M | $1.1M | +17.1% |
| 5+ Bedrooms | $1.2M | $1.1M | -9.5% |
Summary: Allendale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 44.9%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Mahwah Township | $540K | $665K | +23.1% |
| Waldwick | $555K | $624.5K | +12.5% |
| Allendale | $920K | $1.0M | +12.2% |
| Ramsey | $615K | $670K | +8.9% |
Housing Supply in Allendale, NJ
How many homes are available in Allendale, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Allendale real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Allendale 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 increased by 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allendale, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Allendale in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Allendale, NJ
We’re sorry, we don't have information for this market at the moment
