$4,453 Closing Credit*
$375,000
2 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Mine Hill Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Mine Hill Township has remained a Seller's Market.
Key Takeaway
Mine Hill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mine Hill Township, NJ
How much do homes in Mine Hill Township, NJ cost?
Median Sold Price
$475,500
-
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$80,500(+20.4%)
Key Takeaway
Homes in Mine Hill Township have sold for 20.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $367.5K | $418K | +13.7% |
| 3 Bedrooms | $392.5K | $490K | +24.8% |
| 4 Bedrooms | $425K | $510.5K | +20.1% |
| 5+ Bedrooms | $335K | $680K | +103.0% |
Summary: Mine Hill Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 103%.
Median Sold Price Compared To Nearby Cities
| Mine Hill Township | $395K | $475.5K | +20.4% |
| Mine Hill | $395K | $475.5K | +20.4% |
| Randolph | $690K | $750K | +8.7% |
| Randolph Township | $695.2K | $755K | +8.6% |
Housing Supply in Mine Hill Township, NJ
How many homes are available in Mine Hill Township, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Mine Hill Township real estate market had 19 homes for sale in August 2024, a 17.4% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mine Hill Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mine Hill Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Mine Hill Township in August 2024, down by 33.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mine Hill Township, NJ
We’re sorry, we don't have information for this market at the moment
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