Is Hillcrest, 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, Hillcrest was a Neutral Market.
Key Takeaway
Hillcrest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hillcrest, NJ
How much do homes in Hillcrest, NJ cost?
Median Sold Price
$440,300
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hillcrest have sold for 8.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $160K | +10.3% |
| 2 Bedrooms | $360K | $432.4K | +20.1% |
| 3 Bedrooms | $399K | $425K | +6.5% |
| 4 Bedrooms | $436K | $505K | +15.8% |
| 5+ Bedrooms | $549.9K | - | N/A |
Summary: Hillcrest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Hillcrest | $405K | $440.3K | +8.7% |
| 2nd Ward | $355K | $373.5K | +5.2% |
Housing Supply in Hillcrest, NJ
How many homes are available in Hillcrest, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The Hillcrest real estate market had 18 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hillcrest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillcrest, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Hillcrest in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hillcrest, NJ
We’re sorry, we don't have information for this market at the moment
