Is Bernards 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, Bernards Township has remained a Seller's Market.
Key Takeaway
Bernards Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bernards Township, NJ
How much do homes in Bernards Township, NJ cost?
Median Sold Price
$781,375
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bernards Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Bernards Township was $781,375 in March 2024, up 7% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $308K | +12.0% |
| 2 Bedrooms | $360K | $440.5K | +22.4% |
| 3 Bedrooms | $656K | $722.5K | +10.1% |
| 4 Bedrooms | $939.5K | $1.0M | +15.5% |
| 5+ Bedrooms | $1.2M | $1.4M | +15.8% |
Summary: Bernards Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Warren Township | $932.5K | $1.0M | +16.3% |
| Millington | $652.2K | $725K | +11.2% |
| Long Hill Township | $615K | $680.9K | +10.7% |
| Basking Ridge | $707.8K | $774.3K | +9.4% |
| Bernards Township | $730K | $781.3K | +7.0% |
Housing Supply in Bernards Township, NJ
How many homes are available in Bernards Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 68 | +9.7% |
Summary: The Bernards Township real estate market had 68 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 22 | +37.5% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Bernards 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 increased by 37.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bernards Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Bernards Township in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Bernards Township, NJ
We’re sorry, we don't have information for this market at the moment
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