Is Delaware Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Delaware Township has remained a Seller's Market.

Key Takeaway

Delaware Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Delaware Township, NJ cost?

Median Sold Price

$469,000

$196/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

-$106,000(-18.4%)

Key Takeaway

Homes in Delaware Township have sold for 18.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 --
N/A
2 $109K$344K
+215.6%
3 $712K$448K
-37.1%
4 $575K$850K
+47.8%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

West Amwell Township
+144.6%
Stockton
+19.0%
Delaware Township
-18.4%

How many homes are available in Delaware Township, NJ?

Number of Homes For Sale

Oct 2022Nov 2022%
3732-13.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 44
0.0%
3 1613
-18.8%
4 117
-36.4%
5+ 68
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delaware Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
73 Days32 Days-56.6%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Delaware Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Delaware Township, NJ

There are 32 homes are for sale in Delaware Township, NJ real estate market. The number of listings in Delaware Township, NJ decreased by 13.5% between October 2022 and November 2022. While the average time on the market in November 2022 was 32 days, the median list price was $469,000. Between November 2021 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 215.6% more expensive, 3 bedrooms properties prices decreased by 37.1%, prices of 4 bedrooms properties went up by 47.8%, the cost of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, number of 3 bedrooms homes decreased by 18.8%, 4 bedrooms homes inventory decreased by 36.4%, 5 bedrooms homes became 33.3% more available. Over 2 listings were sold over their listed price in November 2022 in Delaware Township, NJ. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.

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