$3,680 Closing Credit*
$309,900
1,338 SqFt
3 Beds
•2 Full Baths
Joseph Loverdi, Listing Office: Lamb Realty
Is Newfield, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Newfield has remained a Seller's Market.
Key Takeaway
Newfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newfield, NJ
How much do homes in Newfield, NJ cost?
Median Sold Price
$305,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$30,000(+10.9%)
Key Takeaway
Homes in Newfield have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Newfield was $305,000 in September 2024, up 10.9% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $130K | -3.0% |
| 2 Bedrooms | $185K | $185K | 0.0% |
| 3 Bedrooms | $270.9K | $290K | +7.0% |
| 4 Bedrooms | $462.4K | $449.9K | -2.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Newfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes did not change, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $290K | $349.9K | +20.7% |
| Newfield | $275K | $305K | +10.9% |
Housing Supply in Newfield, NJ
How many homes are available in Newfield, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Summary: The Newfield real estate market had 36 homes for sale in September 2024, a 2.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Newfield housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newfield, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Newfield in September 2024, up by 14.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 44 Days | 23 Days | -47.0% |
Summary: Homes in Newfield had an average of 23 days on market in Sep 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newfield are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Newfield; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.