Is North Caldwell, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, North Caldwell has remained a Seller's Market.
Key Takeaway
North Caldwell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Caldwell, NJ
How much do homes in North Caldwell, NJ cost?
Median Sold Price
$835,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Caldwell have sold for 8.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $436K | - | N/A |
| 2 Bedrooms | $750K | $750K | 0.0% |
| 3 Bedrooms | $717.5K | $675K | -5.9% |
| 4 Bedrooms | $919K | $945K | +2.8% |
| 5+ Bedrooms | $1.3M | $1.2M | -11.1% |
Summary: North Caldwell housing prices by bedroom type for March 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 decreased by 5.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Verona Township | $593K | $640K | +7.9% |
| Verona | $593K | $640K | +7.9% |
| Cedar Grove | $640K | $675K | +5.5% |
| Cedar Grove Township | $640K | $675K | +5.5% |
| North Caldwell | $912.5K | $835K | -8.5% |
Housing Supply in North Caldwell, NJ
How many homes are available in North Caldwell, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Summary: The North Caldwell real estate market had 20 homes for sale in March 2024, a 66.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The North Caldwell housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Caldwell, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in North Caldwell in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for North Caldwell, NJ
We’re sorry, we don't have information for this market at the moment
