Is Nutley Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nutley Township has remained a Seller's Market.
Key Takeaway
Nutley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nutley Township, NJ
How much do homes in Nutley Township, NJ cost?
Median Sold Price
$577,500
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Nutley Township have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Nutley Township was $577,500 in April 2024, up 10.2% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220.5K | $241.5K | +9.5% |
| 2 Bedrooms | $470K | $525K | +11.7% |
| 3 Bedrooms | $523.5K | $550K | +5.1% |
| 4 Bedrooms | $617K | $693K | +12.3% |
| 5+ Bedrooms | $717.5K | $810K | +12.9% |
Summary: Nutley Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Bloomfield Township | $470.5K | $534K | +13.5% |
| Bloomfield | $470K | $533.5K | +13.5% |
| Nutley Township | $524K | $577.5K | +10.2% |
| Nutley | $525K | $572.5K | +9.0% |
| Belleville | $400K | $428K | +7.0% |
Housing Supply in Nutley Township, NJ
How many homes are available in Nutley Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 75 | +29.3% |
Summary: The Nutley Township real estate market had 75 homes for sale in April 2024, a 29.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 9 | 16 | +77.8% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Nutley Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nutley Township, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Nutley Township in April 2024, up by 7.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 0% were sold at asking, and 79% were sold over asking.
Days on Market for Nutley Township, 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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