$10,000 Closing Credit*
$900,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: KELLER WILLIAMS REALTY
Is Florham Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Florham Park has remained a Seller's Market.
Key Takeaway
Florham Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Florham Park, NJ
How much do homes in Florham Park, NJ cost?
Median Sold Price
$939,000
-
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$39,000(+4.3%)
Key Takeaway
Homes in Florham Park have sold for 4.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $408K | $400K | -2.0% |
| 2 Bedrooms | $570K | $725K | +27.2% |
| 3 Bedrooms | $600K | $752.5K | +25.4% |
| 4 Bedrooms | $980.5K | $985K | 0.5% |
| 5+ Bedrooms | $1.4M | $1.5M | +10.3% |
Summary: Florham Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Livingston Township | $860K | $1.0M | +21.8% |
| Livingston | $864.5K | $1.0M | +21.2% |
| Madison | $850K | $940K | +10.6% |
| Chatham | $994.6K | $1.0M | +9.3% |
| Florham Park | $900K | $939K | +4.3% |
Housing Supply in Florham Park, NJ
How many homes are available in Florham Park, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 37 | 44 | +18.9% |
Summary: The Florham Park real estate market had 44 homes for sale in September 2024, a 18.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 9 | 3 | -66.7% |
| 5+ Bedrooms | 15 | 24 | +60.0% |
Summary: The Florham Park housing inventory by bedroom type for September 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 44.4%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florham Park, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Florham Park in September 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Florham Park, NJ
We’re sorry, we don't have information for this market at the moment
