Is Cedar Grove Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cedar Grove Township has remained a Seller's Market.
Housing Prices in Cedar Grove Township, NJ
How much do homes in Cedar Grove Township, NJ cost?
Median Sold Price
$675,000
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cedar Grove Township was $675,000 in March 2024, up 5.5% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252K | $265K | +5.2% |
2 Bedrooms | $562.5K | $495K | -12.0% |
3 Bedrooms | $615K | $630K | +2.4% |
4 Bedrooms | $700K | $761K | +8.7% |
5+ Bedrooms | $775K | $849.9K | +9.7% |
Summary: Cedar Grove Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Little Falls Township | $449.1K | $521K | +16.0% |
Little Falls | $480K | $522K | +8.8% |
Cedar Grove Township | $640K | $675K | +5.5% |
Cedar Grove | $640K | $675K | +5.5% |
North Caldwell | $912.5K | $835K | -8.5% |
Housing Supply in Cedar Grove Township, NJ
How many homes are available in Cedar Grove Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Summary: The Cedar Grove Township real estate market had 23 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Cedar Grove 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 increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cedar Grove Township in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Cedar Grove Township, NJ
We’re sorry, we don't have information for this market at the moment