Is Buena, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buena is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Buena was a Neutral Market.

Key Takeaway

Buena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Buena, NJ

How much do homes in Buena, NJ cost?

Median Sold Price

$299,950

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,450(+16.5%)

Key Takeaway

Homes in Buena have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in Buena was $299,950 in November 2024, up 16.5% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$170K
N/A
2 $225K$243.9K
+8.4%
3 $260K$299.9K
+15.3%
4 $442K$325K
-26.5%
5+ $457.5K$272.5K
-40.4%

Summary: Buena housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes decreased by 40.4%.

Median Sold Price Compared To Nearby Cities

Franklin Township
+16.7%
Buena
+16.5%
Buena Vista Township
+11.7%

Housing Supply in Buena, NJ

How many homes are available in Buena, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
26260.0%

Summary: The Buena real estate market had 26 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1514
-6.7%
4 66
0.0%
5+ 12
+100.0%

Summary: The Buena housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buena, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Buena in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Buena, NJ

How long does it take to sell a home in Buena, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
102 Days38 Days-62.1%

Summary: Homes in Buena had an average of 38 days on market in Nov 2024, down by 62.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Buena has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Buena; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Buena, NJ

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