Is Newfield, 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, Newfield was a Seller's Market.
Housing Prices in Newfield, NJ
How much do homes in Newfield, NJ cost?
Median Sold Price
$351,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newfield was $351,500 in April 2024, up 40.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134K | - | N/A |
2 Bedrooms | $200K | $177.5K | -11.3% |
3 Bedrooms | $238K | $280K | +17.6% |
4 Bedrooms | $425K | $457.4K | +7.6% |
5+ Bedrooms | - | - | N/A |
Summary: Newfield 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 decreased by 11.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Newfield | $249.9K | $351.5K | +40.7% |
Franklin Township | $280K | $333K | +18.9% |
Housing Supply in Newfield, NJ
How many homes are available in Newfield, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Summary: The Newfield real estate market had 16 homes for sale in April 2024, a 27.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 9 | 5 | -44.4% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Newfield 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 decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Newfield in April 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Newfield, NJ
How long does it take to sell a home in Newfield, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 13 Days | -82.0% |
Summary: Homes in Newfield had an average of 13 days on market in Apr 2024, down by 82% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Newfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.