Is Byram Township, 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, Byram Township was a Seller's Market.
Key Takeaway
Byram Township 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 Byram Township, NJ
How much do homes in Byram Township, NJ cost?
Median Sold Price
$443,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Byram Township have sold for 8% more than they did a year ago.
Summary: The median home sold price in Byram Township was $443,000 in March 2024, up 8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $269.9K | $301K | +11.5% |
| 3 Bedrooms | $394.9K | $410K | +3.8% |
| 4 Bedrooms | $509K | $580K | +13.9% |
| 5+ Bedrooms | $570K | $999K | +75.3% |
Summary: Byram 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 11.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 75.3%.
Median Sold Price Compared To Nearby Cities
| Stanhope | $335.7K | $390K | +16.2% |
| Andover | $440K | $500K | +13.6% |
| Hopatcong | $340K | $380K | +11.8% |
| Byram Township | $410K | $443K | +8.0% |
| Landing | $406K | $435K | +7.1% |
Housing Supply in Byram Township, NJ
How many homes are available in Byram Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 40 | +25.0% |
Summary: The Byram Township real estate market had 40 homes for sale in March 2024, a 25.0% 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 | 4 | 0.0% |
| 3 Bedrooms | 16 | 22 | +37.5% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Byram 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 remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Byram Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Byram Township in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Byram Township, NJ
We’re sorry, we don't have information for this market at the moment
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