Is Boonton 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, Boonton Township has remained a Seller's Market.
Housing Prices in Boonton Township, NJ
How much do homes in Boonton Township, NJ cost?
Median Sold Price
$630,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | - | N/A |
2 Bedrooms | $450K | $475K | +5.6% |
3 Bedrooms | $530K | $572.5K | +8.0% |
4 Bedrooms | $693.5K | $696K | 0.4% |
5+ Bedrooms | $889.5K | $875K | -1.6% |
Summary: Boonton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
Rockaway Township | $435K | $478.6K | +10.0% |
Mountain Lakes | $900K | $957K | +6.3% |
Boonton Township | $600K | $630K | +5.0% |
Boonton | $600K | $630K | +5.0% |
Denville Township | $531.2K | $557.5K | +4.9% |
Housing Supply in Boonton Township, NJ
How many homes are available in Boonton Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 46 | +17.9% |
Summary: The Boonton Township real estate market had 46 homes for sale in March 2024, a 17.9% 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 | 5 | +25.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Boonton 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 25%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Boonton Township in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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