$4,453 Closing Credit*
$375,000
3 Beds
•1 Full Bath
Listing Office: COLDWELL BANKER REALTY
Is Jefferson Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Jefferson Township has remained a Seller's Market.
Key Takeaway
Jefferson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jefferson Township, NJ
How much do homes in Jefferson Township, NJ cost?
Median Sold Price
$471,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$55,500(+13.4%)
Key Takeaway
Homes in Jefferson Township have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Jefferson Township was $471,000 in September 2024, up 13.4% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $250K | +47.1% |
| 2 Bedrooms | $280K | $325K | +16.1% |
| 3 Bedrooms | $413.5K | $471K | +13.9% |
| 4 Bedrooms | $591.4K | $647.5K | +9.5% |
| 5+ Bedrooms | $635K | $750K | +18.1% |
Summary: Jefferson Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Oak Ridge | $415K | $482.5K | +16.3% |
| West Milford Township | $370.3K | $425K | +14.8% |
| Jefferson Township | $415.5K | $471K | +13.4% |
| Stockholm | $353K | $377.7K | +7.0% |
Housing Supply in Jefferson Township, NJ
How many homes are available in Jefferson Township, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 95 | 87 | -8.4% |
Summary: The Jefferson Township real estate market had 87 homes for sale in September 2024, a 8.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 30 | 30 | 0.0% |
| 3 Bedrooms | 39 | 31 | -20.5% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Jefferson Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 16 | -40.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson Township, you could pay more than the asking price. 81.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Jefferson Township in September 2024, down by 40.7% month-over-month. Of the 16 sold homes, 13% were sold under asking, 6% were sold at asking, and 81% were sold over asking.
Days on Market for Jefferson Township, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.