$10,000 Closing Credit*
$1,200,000
4 Beds
•3 Full Baths, 1 Partial
George Bedrosian, Listing Office: Bedrosian Realty Associates
Housing Prices in Old Tappan, NJ
How much do homes in Old Tappan, NJ cost?
Median List Price
$1,150,000
$470/sqft
Based on all homes listed in August 2024.
Difference Since Last Month
-$598,000(-34.2%)
Key Takeaway
The list price of homes in Old Tappan has decreased by 34.2% since July.
Summary: The median home list price in Old Tappan was $1,150,000 in August 2024, down 34.2% from the previous month, and the median price per square foot was $470.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.1M | $965K | -19.5% |
| 4 Bedrooms | $1.1M | $1.2M | +6.5% |
| 5+ Bedrooms | $1.8M | $1.8M | 0.0% |
Summary: Old Tappan housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Northvale | $638K | $638K | 0.0% |
| Norwood | $699.9K | $699.9K | 0.0% |
| Old Tappan | $1.7M | $1.1M | -34.2% |
Housing Supply in Old Tappan, NJ
How many homes are available in Old Tappan, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Summary: The Old Tappan real estate market had 13 homes for sale in August 2024, a 85.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Old Tappan housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Old Tappan, NJ
How long does it take to sell a home in Old Tappan, NJ?
Average Listing Age
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 38 Days | 41 Days | +9.1% |
Summary: Homes in Old Tappan had an average listing age of 41 days in Aug 2024, up by 9.1% compared to the previous month.
