$8,182 Closing Credit*
$689,000
3 Beds
•3 Full Baths
Listing Office: HEARTH REALTY GROUP LLC
Is Boonton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$656,500
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$48,000(+7.9%)
Key Takeaway
Homes in Boonton have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Boonton was $656,500 in September 2024, up 7.9% from last year, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $505K | +152.5% |
| 2 Bedrooms | $449.5K | $500K | +11.2% |
| 3 Bedrooms | $549.5K | $585K | +6.5% |
| 4 Bedrooms | $646K | $725K | +12.2% |
| 5+ Bedrooms | $895K | $843K | -5.8% |
Summary: Boonton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 152.5%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Parsippany-Troy Hills Township | $553.1K | $650K | +17.5% |
| Mountain Lakes | $950K | $1.1M | +15.8% |
| Montville | $675K | $755K | +11.9% |
| Boonton | $608.5K | $656.5K | +7.9% |
| Boonton Township | $608.5K | $653K | +7.3% |
Housing Supply in Boonton, NJ
How many homes are available in Boonton, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 61 | 57 | -6.6% |
Summary: The Boonton real estate market had 57 homes for sale in September 2024, a 6.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Boonton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boonton, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Boonton in September 2024, up by 15.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Boonton, NJ
We’re sorry, we don't have information for this market at the moment
