$10,000 Closing Credit*
$1,399,000
3 Beds
•2 Full Baths, 1 Partial
John Haydu, Listing Office: Keller Williams Realty - NJ Metro Group
Is Essex Fells, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Essex Fells was a Seller's Market.
Key Takeaway
Essex Fells is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Essex Fells, NJ
How much do homes in Essex Fells, NJ cost?
Median Sold Price
$1,280,000
-
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$55,000(+4.5%)
Key Takeaway
Homes in Essex Fells have sold for 4.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525K | $601K | +14.5% |
| 3 Bedrooms | $857K | $1.1M | +30.7% |
| 4 Bedrooms | $945K | $1.3M | +38.9% |
| 5+ Bedrooms | $1.5M | $1.4M | -9.9% |
Summary: Essex Fells housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 30.7%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Caldwell | $630K | $820K | +30.2% |
| West Caldwell Township | $629.5K | $725K | +15.2% |
| Roseland | $710K | $788K | +11.0% |
| Verona Township | $610K | $669K | +9.7% |
| Essex Fells | $1.2M | $1.2M | +4.5% |
Housing Supply in Essex Fells, NJ
How many homes are available in Essex Fells, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Essex Fells real estate market had 8 homes for sale in December 2024, a 11.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Essex Fells housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Essex Fells, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Essex Fells in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Essex Fells, NJ
We’re sorry, we don't have information for this market at the moment
