Is Byram Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Byram Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Byram Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Byram Township, NJ

How much do homes in Byram Township, NJ cost?

Median Sold Price

$481,500

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,500(+9.4%)

Key Takeaway

Homes in Byram Township have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Byram Township was $481,500 in October 2024, up 9.4% from last year, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$295K
N/A
2 $243K$305K
+25.5%
3 $414.9K$410K
-1.2%
4 $562.9K$570K
+1.3%
5+ $590K$620K
+5.1%

Summary: Byram Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Andover
+19.8%
Stanhope
+15.9%
Landing
+11.8%
Byram Township
+9.4%
Hopatcong
+8.8%

Housing Supply in Byram Township, NJ

How many homes are available in Byram Township, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2833+17.9%

Summary: The Byram Township real estate market had 33 homes for sale in October 2024, a 17.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 23
+50.0%
3 1518
+20.0%
4 78
+14.3%
5+ 22
0.0%

Summary: The Byram Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Byram Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Byram Township in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for Byram Township, NJ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days93 Days+322.7%

Summary: Homes in Byram Township had an average of 93 days on market in Oct 2024, up by 322.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Byram Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 7 homes were sold in Byram Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 13 Days Ago

Newest Listings in Byram Township, NJ

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