Is Califon, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Califon was a Buyer's Market.
Key Takeaway
Califon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Califon, NJ
How much do homes in Califon, NJ cost?
Median Sold Price
$665,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Califon have sold for 3.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | - | N/A |
| 2 Bedrooms | $287.5K | $375K | +30.4% |
| 3 Bedrooms | $475K | $492.5K | +3.7% |
| 4 Bedrooms | $777.5K | $820.5K | +5.5% |
| 5+ Bedrooms | $957K | $1.2M | +25.9% |
Summary: Califon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 25.9%.
Median Sold Price Compared To Nearby Cities
| Lebanon Township | $565K | $610K | +8.0% |
| Tewksbury Township | $791K | $837.5K | +5.9% |
| Califon | $645K | $665K | +3.1% |
Housing Supply in Califon, NJ
How many homes are available in Califon, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The Califon real estate market had 28 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Califon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Califon, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Califon in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Califon, NJ
We’re sorry, we don't have information for this market at the moment
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