Is East Rutherford, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Rutherford was a Seller's Market.
Key Takeaway
East Rutherford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Rutherford, NJ
How much do homes in East Rutherford, NJ cost?
Median Sold Price
$525,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Rutherford have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in East Rutherford was $525,500 in April 2024, up 10.1% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70.3K | $345K | +390.5% |
| 2 Bedrooms | $407.5K | $418.5K | +2.7% |
| 3 Bedrooms | $567.5K | $521K | -8.2% |
| 4 Bedrooms | $475K | $627K | +32.0% |
| 5+ Bedrooms | - | $795K | N/A |
Summary: East Rutherford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 390.5%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 32%, and 5+ bedroom homes did not change.
Housing Supply in East Rutherford, NJ
How many homes are available in East Rutherford, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The East Rutherford real estate market had 8 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The East Rutherford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Rutherford, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in East Rutherford in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Rutherford, NJ
We’re sorry, we don't have information for this market at the moment
