Is Hillside Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hillside Township has remained a Seller's Market.
Key Takeaway
Hillside Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillside Township, NJ
How much do homes in Hillside Township, NJ cost?
Median Sold Price
$442,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hillside Township have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Hillside Township was $442,000 in March 2024, up 7.9% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $315K | $349.5K | +11.0% |
| 3 Bedrooms | $400K | $440K | +10.0% |
| 4 Bedrooms | $455K | $460K | +1.1% |
| 5+ Bedrooms | $485K | $567.5K | +17.0% |
Summary: Hillside Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Irvington Township | $320K | $350K | +9.4% |
| Union | $476.8K | $520K | +9.1% |
| Union Township | $475.3K | $515.5K | +8.4% |
| Hillside Township | $409.5K | $442K | +7.9% |
| Hillside | $409.5K | $442K | +7.9% |
Housing Supply in Hillside Township, NJ
How many homes are available in Hillside Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 58 | +7.4% |
Summary: The Hillside Township real estate market had 58 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 32 | 33 | +3.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Hillside Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillside Township, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Hillside Township in March 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.
Days on Market for Hillside Township, NJ
We’re sorry, we don't have information for this market at the moment
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