Is Branchville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Branchville was a Seller's Market.
Key Takeaway
Branchville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Branchville, NJ
How much do homes in Branchville, NJ cost?
Median Sold Price
$420,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Branchville have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Branchville was $420,000 in March 2024, up 10.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $267.5K | $200K | -25.2% |
| 3 Bedrooms | $361.2K | $417.5K | +15.6% |
| 4 Bedrooms | $430K | $594.1K | +38.2% |
| 5+ Bedrooms | $560K | $580K | +3.6% |
Summary: Branchville 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 decreased by 25.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 38.2%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Branchville | $378.9K | $420K | +10.8% |
| Frankford Township | $405K | $427.8K | +5.6% |
Housing Supply in Branchville, NJ
How many homes are available in Branchville, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 24 | +71.4% |
Summary: The Branchville real estate market had 24 homes for sale in March 2024, a 71.4% 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Branchville 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 100%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Branchville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Branchville in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Branchville, NJ
We’re sorry, we don't have information for this market at the moment
