Is Boonton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Boonton has remained a Seller's Market.
Key Takeaway
Boonton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boonton, NJ
How much do homes in Boonton, NJ cost?
Median Sold Price
$666,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Boonton have sold for 11% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $449K | $482.5K | +7.5% |
| 3 Bedrooms | $530K | $582.5K | +9.9% |
| 4 Bedrooms | $669K | $722.2K | +8.0% |
| 5+ Bedrooms | $987.2K | $875K | -11.4% |
Summary: Boonton 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 increased by 7.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Boonton | $600K | $666K | +11.0% |
| Boonton Township | $600K | $666K | +11.0% |
| Parsippany-Troy Hills Township | $540K | $585K | +8.3% |
| Montville | $699.4K | $726K | +3.8% |
Housing Supply in Boonton, NJ
How many homes are available in Boonton, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Boonton real estate market had 47 homes for sale in April 2024, a 17.5% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Boonton 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 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boonton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Boonton in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Boonton, NJ
We’re sorry, we don't have information for this market at the moment
