Housing Prices in New Vernon, NJ
How much do homes in New Vernon, NJ cost?
Median List Price
$2,642,500
$402/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in New Vernon has increased by 179.6% since last year.
Summary: The median home list price in New Vernon was $2,642,500 in April 2024, up 179.6% from the previous year, and the median price per square foot was $402.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | - | N/A |
| 3 Bedrooms | $599K | $914K | +52.6% |
| 4 Bedrooms | $1.1M | $1.7M | +56.2% |
| 5+ Bedrooms | $3.4M | $3.2M | -6.4% |
Summary: New Vernon 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 did not change, 3 bedroom homes increased by 52.6%, 4 bedroom homes increased by 56.2%, and 5+ bedroom homes decreased by 6.4%.
Median List Price Compared To Nearby Cities
| New Vernon | $945K | $2.6M | +179.6% |
| Harding Township | $1.5M | $1.7M | +14.9% |
| Millington | $650K | $720K | +10.8% |
| Gillette | $599.9K | $615K | +2.5% |
| Green Village | $1.2M | $1.0M | -14.7% |
Housing Supply in New Vernon, NJ
How many homes are available in New Vernon, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The New Vernon real estate market had 6 homes for sale in April 2024, a 20.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The New Vernon 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Days on Market for New Vernon, NJ
How long does it take to sell a home in New Vernon, NJ?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 106 Days | 66 Days | -38.1% |
Summary: Homes in New Vernon had an average listing age of 66 days in Apr 2024, down by 38.1% compared to the previous year.
