Is Frenchtown, 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, Frenchtown was a Buyer's Market.
Key Takeaway
Frenchtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frenchtown, NJ
How much do homes in Frenchtown, NJ cost?
Median Sold Price
$569,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Frenchtown have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Frenchtown was $569,000 in April 2024, up 11.6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | - | N/A |
| 2 Bedrooms | $419.9K | $285K | -32.1% |
| 3 Bedrooms | $470K | $550K | +17.0% |
| 4 Bedrooms | $620K | $680.5K | +9.8% |
| 5+ Bedrooms | $795K | $750K | -5.7% |
Summary: Frenchtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.1%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Frenchtown | $510K | $569K | +11.6% |
| Alexandria Township | $565K | $592.3K | +4.8% |
| Kingwood Township | $585K | $599K | +2.4% |
| Upper Black Eddy | $525K | $480K | -8.6% |
Housing Supply in Frenchtown, NJ
How many homes are available in Frenchtown, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Frenchtown real estate market had 25 homes for sale in April 2024, a 3.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Frenchtown housing inventory by bedroom type for April 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 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frenchtown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Frenchtown in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Frenchtown, NJ
How long does it take to sell a home in Frenchtown, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Frenchtown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Frenchtown; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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