Is Landing, 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, Landing was a Seller's Market.
Key Takeaway
Landing is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Landing, NJ
How much do homes in Landing, NJ cost?
Median Sold Price
$447,500
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Landing have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Landing was $447,500 in April 2024, up 9.1% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $327K | +2.2% |
| 3 Bedrooms | $385K | $435K | +13.0% |
| 4 Bedrooms | $427.5K | $550K | +28.7% |
| 5+ Bedrooms | $527.5K | $873.7K | +65.6% |
Summary: Landing housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes increased by 65.6%.
Median Sold Price Compared To Nearby Cities
| Stanhope | $336K | $395K | +17.6% |
| Roxbury Township | $445K | $518K | +16.4% |
| Mount Arlington | $387.5K | $445K | +14.8% |
| Ledgewood | $376.7K | $417.4K | +10.8% |
| Landing | $410K | $447.5K | +9.1% |
Housing Supply in Landing, NJ
How many homes are available in Landing, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Landing real estate market had 21 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Landing 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Landing, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Landing in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Landing, NJ
We’re sorry, we don't have information for this market at the moment
