Is Randolph Township, 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, Randolph Township has remained a Seller's Market.
Housing Prices in Randolph Township, NJ
How much do homes in Randolph Township, NJ cost?
Median Sold Price
$715,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Randolph Township was $715,000 in March 2024, up 3.5% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $406.2K | $460K | +13.2% |
3 Bedrooms | $515K | $550K | +6.8% |
4 Bedrooms | $730K | $760K | +4.1% |
5+ Bedrooms | $886K | $850K | -4.1% |
Summary: Randolph Township 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 increased by 13.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Succasunna | $529.5K | $587K | +10.9% |
Randolph | $690K | $715K | +3.6% |
Randolph Township | $690.5K | $715K | +3.5% |
Mine Hill Township | $410K | $419K | +2.2% |
Mine Hill | $410K | $419K | +2.2% |
Housing Supply in Randolph Township, NJ
How many homes are available in Randolph Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 68 | +23.6% |
Summary: The Randolph Township real estate market had 68 homes for sale in March 2024, a 23.6% 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 | 17 | 16 | -5.9% |
4 Bedrooms | 23 | 32 | +39.1% |
5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Randolph Township 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 decreased by 5.9%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Randolph Township in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 0% were sold under asking, 23% were sold at asking, and 77% were sold over asking.
Days on Market for Randolph Township, NJ
How long does it take to sell a home in Randolph Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 9 Days | -71.0% |
Summary: Homes in Randolph Township had an average of 9 days on market in Mar 2024, down by 71% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Randolph Township; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.