Is Jefferson Township, 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, Jefferson Township was a Seller's Market.
Key Takeaway
Jefferson Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Jefferson Township, NJ
How much do homes in Jefferson Township, NJ cost?
Median Sold Price
$427,475
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jefferson Township have sold for 0.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $222.5K | +0.7% |
| 2 Bedrooms | $280K | $325K | +16.1% |
| 3 Bedrooms | $400K | $422K | +5.5% |
| 4 Bedrooms | $605K | $610K | +0.8% |
| 5+ Bedrooms | $612.5K | $635K | +3.7% |
Summary: Jefferson Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| West Milford Township | $358.8K | $407K | +13.4% |
| Oak Ridge | $400K | $440K | +10.0% |
| Jefferson Township | $425K | $427.4K | +0.6% |
Housing Supply in Jefferson Township, NJ
How many homes are available in Jefferson Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 80 | +15.9% |
Summary: The Jefferson Township real estate market had 80 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 18 | 25 | +38.9% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Jefferson Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson Township, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Jefferson Township in April 2024, down by 35.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% 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
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.