$9,499 Closing Credit*
$799,900
4 Beds
•3 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is Boonton Township, 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 Township has remained a Seller's Market.
Key Takeaway
Boonton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boonton Township, NJ
How much do homes in Boonton Township, NJ cost?
Median Sold Price
$653,000
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$44,500(+7.3%)
Key Takeaway
Homes in Boonton Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Boonton Township was $653,000 in September 2024, up 7.3% 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 Township 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
| Mountain Lakes | $950K | $1.1M | +15.8% |
| Rockaway Township | $445K | $513.5K | +15.4% |
| Boonton | $608.5K | $656.5K | +7.9% |
| Boonton Township | $608.5K | $653K | +7.3% |
| Denville Township | $555K | $578.7K | +4.3% |
Housing Supply in Boonton Township, NJ
How many homes are available in Boonton Township, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 62 | 57 | -8.1% |
Summary: The Boonton Township real estate market had 57 homes for sale in September 2024, a 8.1% 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 | 21 | 18 | -14.3% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Boonton Township 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 14.3%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
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 Township, 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 Township in September 2024, up by 7.1% 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 Township, NJ
We’re sorry, we don't have information for this market at the moment
