Is Clark 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, Clark Township has remained a Seller's Market.
Key Takeaway
Clark Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clark Township, NJ
How much do homes in Clark Township, 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 Township have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Clark Township 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 | $582.4K | +3.1% |
| 4 Bedrooms | $670K | $692.4K | +3.4% |
| 5+ Bedrooms | $814.5K | $850K | +4.4% |
Summary: Clark Township 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 3.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in Clark Township, NJ
How many homes are available in Clark Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Clark Township 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 Township 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 Township, 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 Township 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 Township, NJ
We’re sorry, we don't have information for this market at the moment
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