$7,244 Closing Credit*
$610,000
3 Beds
•2 Full Baths, 1 Partial
Rod M. Lopez, Listing Office: Compass New Jersey, LLC-Ridgewood
Is Dumont, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Dumont was a Seller's Market.
Key Takeaway
Dumont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dumont, NJ
How much do homes in Dumont, NJ cost?
Median Sold Price
$651,250
-
Based on all homes sold in August 2024.
Difference Since Last Month
+$108,500(+20.0%)
Key Takeaway
Homes in Dumont have sold for 20% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $542.7K | $651.2K | +20.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Dumont housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Dumont | $542.7K | $651.2K | +20.0% |
| New Milford | $622.4K | $588.7K | -5.4% |
Housing Supply in Dumont, NJ
How many homes are available in Dumont, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 19 | +111.1% |
Summary: The Dumont real estate market had 19 homes for sale in August 2024, a 111.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 2 | 7 | +250.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Dumont housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dumont, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Dumont in August 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Dumont, NJ
We’re sorry, we don't have information for this market at the moment
