Is Caldwell, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Caldwell has remained a Seller's Market.
Key Takeaway
Caldwell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Caldwell, NJ
How much do homes in Caldwell, NJ cost?
Median Sold Price
$650,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Caldwell have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Caldwell was $650,000 in April 2024, down 10.3% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228K | $266K | +16.7% |
| 2 Bedrooms | $485K | $475K | -2.1% |
| 3 Bedrooms | $604K | $639.5K | +5.9% |
| 4 Bedrooms | $820K | $850K | +3.7% |
| 5+ Bedrooms | $1.2M | $1.2M | +2.0% |
Summary: Caldwell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Essex Fells | $865K | $1.4M | +61.8% |
| West Caldwell Township | $605K | $652.5K | +7.9% |
| North Caldwell | $912.5K | $860K | -5.8% |
| Caldwell | $725K | $650K | -10.3% |
Housing Supply in Caldwell, NJ
How many homes are available in Caldwell, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 47 | +62.1% |
Summary: The Caldwell real estate market had 47 homes for sale in April 2024, a 62.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 7 | 18 | +157.1% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Caldwell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 157.1%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caldwell, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Caldwell in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Caldwell, NJ
We’re sorry, we don't have information for this market at the moment
