Is Berkeley Heights Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Berkeley Heights Township has remained a Seller's Market.
Housing Prices in Berkeley Heights Township, NJ
How much do homes in Berkeley Heights Township, NJ cost?
Median Sold Price
$750,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Berkeley Heights Township was $750,000 in March 2024, up 9.5% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $217.5K | +7.4% |
2 Bedrooms | $426K | $461K | +8.2% |
3 Bedrooms | $608.7K | $615K | +1.0% |
4 Bedrooms | $720K | $821K | +14.0% |
5+ Bedrooms | $999.9K | $920K | -8.0% |
Summary: Berkeley Heights Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
Gillette | $550K | $611K | +11.1% |
Berkeley Heights | $680K | $750K | +10.3% |
Berkeley Heights Township | $685K | $750K | +9.5% |
Watchung | $890K | $940K | +5.6% |
New Providence | $818K | $817.5K | -0.1% |
Housing Supply in Berkeley Heights Township, NJ
How many homes are available in Berkeley Heights Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 32 | +6.7% |
Summary: The Berkeley Heights Township real estate market had 32 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Berkeley Heights Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Berkeley Heights Township in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Berkeley Heights Township, NJ
We’re sorry, we don't have information for this market at the moment