Is Clark, 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, Clark has remained a Seller's Market.
Key Takeaway
Clark is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clark, NJ
How much do homes in Clark, NJ cost?
Median Sold Price
$640,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Clark have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Clark was $640,000 in March 2024, up 8.9% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.5K | $260K | +1.0% |
| 2 Bedrooms | $365K | $608K | +66.6% |
| 3 Bedrooms | $565K | $585K | +3.5% |
| 4 Bedrooms | $670K | $692.4K | +3.4% |
| 5+ Bedrooms | $814.5K | $850K | +4.4% |
Summary: Clark housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 66.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Cranford | $615K | $675.3K | +9.8% |
| Clark | $587.6K | $640K | +8.9% |
| Clark Township | $587.6K | $640K | +8.9% |
| Rahway | $415K | $440K | +6.0% |
Housing Supply in Clark, NJ
How many homes are available in Clark, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Clark real estate market had 34 homes for sale in March 2024, a 17.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Clark housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clark, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Clark in March 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Clark, NJ
We’re sorry, we don't have information for this market at the moment
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