Is Nutley, 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, Nutley has remained a Seller's Market.
Key Takeaway
Nutley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nutley, NJ
How much do homes in Nutley, NJ cost?
Median Sold Price
$562,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nutley have sold for 7% more than they did a year ago.
Summary: The median home sold price in Nutley was $562,000 in March 2024, up 7% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220.5K | $219.5K | -0.5% |
| 2 Bedrooms | $470K | $525K | +11.7% |
| 3 Bedrooms | $525K | $550K | +4.8% |
| 4 Bedrooms | $615.5K | $672.5K | +9.3% |
| 5+ Bedrooms | $700K | $797.5K | +13.9% |
Summary: Nutley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Bloomfield | $464.5K | $530.7K | +14.2% |
| Bloomfield Township | $466.5K | $530.3K | +13.7% |
| Nutley Township | $524K | $564.3K | +7.7% |
| Nutley | $525K | $562K | +7.0% |
| Belleville | $397.5K | $425K | +6.9% |
Housing Supply in Nutley, NJ
How many homes are available in Nutley, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 71 | +26.8% |
Summary: The Nutley real estate market had 71 homes for sale in March 2024, a 26.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Nutley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nutley, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Nutley in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Nutley, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
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