Is Kearny, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kearny was a Seller's Market.
Housing Prices in Kearny, NJ
How much do homes in Kearny, NJ cost?
Median Sold Price
$625,000
$230/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Kearny was $625,000 in March 2024, down 6.4% from last month, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $507.4K | $684.9K | +35.0% |
3 Bedrooms | $600K | $429.2K | -28.5% |
4 Bedrooms | - | $625K | N/A |
5+ Bedrooms | $802.5K | - | N/A |
Summary: Kearny housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35%, 3 bedroom homes decreased by 28.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Kearny, NJ
How many homes are available in Kearny, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 45 | +40.6% |
Summary: The Kearny real estate market had 45 homes for sale in March 2024, a 40.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 6 | 14 | +133.3% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Kearny housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Kearny in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Kearny, NJ
How long does it take to sell a home in Kearny, NJ?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 35 Days | -20.5% |
Summary: Homes in Kearny had an average of 35 days on market in Mar 2024, down by 20.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Kearny; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.