Is Gillette, 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, Gillette was a Neutral Market.
Key Takeaway
Gillette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gillette, NJ
How much do homes in Gillette, NJ cost?
Median Sold Price
$630,500
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gillette have sold for 13.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.5K | - | N/A |
| 2 Bedrooms | $355K | $470K | +32.4% |
| 3 Bedrooms | $499.4K | $585K | +17.1% |
| 4 Bedrooms | $705K | $856.1K | +21.4% |
| 5+ Bedrooms | $699.5K | $999K | +42.8% |
Summary: Gillette 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 increased by 32.4%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 42.8%.
Median Sold Price Compared To Nearby Cities
| Gillette | $555K | $630.5K | +13.6% |
| Berkeley Heights | $682K | $755K | +10.7% |
| Long Hill Township | $623.5K | $685.4K | +9.9% |
| Millington | $666K | $725K | +8.9% |
Housing Supply in Gillette, NJ
How many homes are available in Gillette, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Gillette real estate market had 7 homes for sale in April 2024, a 12.5% 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 | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Gillette 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 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gillette, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Gillette in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Gillette, NJ
We’re sorry, we don't have information for this market at the moment
