Is Northfield, 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, Northfield has remained a Seller's Market.
Key Takeaway
Northfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northfield, NJ
How much do homes in Northfield, NJ cost?
Median Sold Price
$335,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northfield have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Northfield was $335,000 in March 2024, up 4.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $129.9K | +13.0% |
| 2 Bedrooms | $161K | $260K | +61.5% |
| 3 Bedrooms | $300K | $316K | +5.3% |
| 4 Bedrooms | $365K | $467K | +27.9% |
| 5+ Bedrooms | $427.5K | $575K | +34.5% |
Summary: Northfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Cities
| Linwood | $377K | $424.8K | +12.7% |
| Pleasantville | $179.5K | $200K | +11.4% |
| Egg Harbor Township | $339.3K | $373.3K | +10.0% |
| Northfield | $320.5K | $335K | +4.5% |
Housing Supply in Northfield, NJ
How many homes are available in Northfield, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Summary: The Northfield real estate market had 37 homes for sale in March 2024, a 2.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Northfield 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 decreased by 60%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northfield, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Northfield in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Northfield, NJ
How long does it take to sell a home in Northfield, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 31 Days | -13.0% |
Summary: Homes in Northfield had an average of 31 days on market in Mar 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Northfield; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.