Is Independence Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Independence Township has remained a Seller's Market.
Housing Prices in Independence Township, NJ
How much do homes in Independence Township, NJ cost?
Median Sold Price
$353,250
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Independence Township was $353,250 in April 2024, up 8.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202K | $225K | +11.4% |
2 Bedrooms | $292.5K | $325K | +11.1% |
3 Bedrooms | $357.5K | $474.9K | +32.9% |
4 Bedrooms | $597K | $591.1K | -1.0% |
5+ Bedrooms | $660K | $789K | +19.5% |
Summary: Independence Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 32.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
Great Meadows | $371.5K | $507.5K | +36.6% |
Allamuchy Township | $384.9K | $420K | +9.1% |
Hackettstown | $399K | $435K | +9.0% |
Independence Township | $325K | $353.2K | +8.7% |
Housing Supply in Independence Township, NJ
How many homes are available in Independence Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Summary: The Independence Township real estate market had 21 homes for sale in April 2024, a 23.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Independence Township 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 increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Independence Township in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Independence Township, NJ
We’re sorry, we don't have information for this market at the moment