Is Buena, 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, Buena was a Buyer's Market.
Housing Prices in Buena, NJ
How much do homes in Buena, NJ cost?
Median Sold Price
$250,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Buena was $250,000 in March 2024, up 3.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155.5K | N/A |
2 Bedrooms | $196K | $194.7K | -0.6% |
3 Bedrooms | $247.4K | $277.5K | +12.1% |
4 Bedrooms | $241K | $360.5K | +49.6% |
5+ Bedrooms | $323.6K | $355K | +9.7% |
Summary: Buena 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 0.6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 49.6%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Minotola | $180K | $250K | +38.9% |
Franklin Township | $290K | $325K | +12.1% |
Buena | $242.5K | $250K | +3.1% |
Buena Vista Township | $274K | $260K | -5.1% |
Housing Supply in Buena, NJ
How many homes are available in Buena, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 34 | -8.1% |
Summary: The Buena real estate market had 34 homes for sale in March 2024, a 8.1% decrease 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 | 6 | 5 | -16.7% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Buena 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 decreased by 16.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Buena in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 18 Days | -4.4% |
Summary: Homes in Buena had an average of 18 days on market in Mar 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Buena; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.