May 2023

Randolph Township Housing Market Report Morris County, New Jersey

Report Updated 3 Days Ago

Is Randolph Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Buyer's
Market

Difference Since May 2022

Since last year, Randolph Township has remained a Seller's Market.

Key Takeaway

Randolph Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Randolph Township, NJ cost?

Median Sold Price

$700,000

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$77,500(+12.4%)

Key Takeaway

Homes in Randolph Township have sold for 12.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDS	May 2022	May 2023	%
1 Bedroom	-	-	N/A
2 Bedrooms	$385K	$431.5K	+12.1%
3 Bedrooms	$463.5K	$525K	+13.3%
4 Bedrooms	$685K	$730K	+6.6%
5+ Bedrooms	$789.9K	$860.5K	+8.9%

Median Sold Price Compared To Nearby Cities

	May 2022	May 2023	%
Randolph Township	$622.5K	$700K	+12.4%
Randolph	$615.4K	$690K	+12.1%
Mine Hill Township	$370K	$410K	+10.8%
Mine Hill	$370K	$410K	+10.8%
Succasunna	$479K	$529K	+10.4%

How many homes are available in Randolph Township, NJ?

Number of Homes For Sale

Apr 2023	May 2023	%
77	94	+22.1%

Homes For Sale By Bedroom Count

# BEDS	Apr 2023	May 2023	%
1 Bedroom	0	0	0.0%
2 Bedrooms	7	9	+28.6%
3 Bedrooms	19	23	+21.1%
4 Bedrooms	42	50	+19.0%
5+ Bedrooms	9	12	+33.3%

Number of Homes Sold

Apr 2023	May 2023	%
14	23	+64.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Key Takeaway

If you're buying a home in Randolph Township, you could pay more than the asking price. 82.6% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

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What homes are available in Randolph Township, NJ?

See More Listings

4 bedrooms, 1 full bath, 19 partial house for sale

Coming Soon

$399,000

$5,686 Closing Credit

1 Full, 19 Partial

91 Morris Tpke, Randolph Twp NJ, 07869

Listing Office:

KELLER WILLIAMS METROPOLITAN

#3846885

2 bedrooms, 3 full baths, 1 partial condo for sale

$689,900

$9,831 Closing Credit

3 Full, 1 Partial

50 Albert Ct, Randolph Twp NJ, 07869

Listing Office:

COLDWELL BANKER REALTY

#3847113

6 bedrooms, 3 full baths, 1 partial house for sale

$799,000

$10,000 Closing Credit

3 Full, 1 Partial

3,300 SqFt

4 Morgan Ct, Randolph Twp NJ, 07869

Listing Office:

REDFIN CORPORATION

#3845592

$439,000

$6,256 Closing Credit

5 Cedar Ter, Randolph Twp NJ, 07869

Listing Office:

WEICHERT REALTORS

#3845330

$650,000

$9,263 Closing Credit

22 Treaty Rd, Randolph Township NJ, 07869

Peter Lorenzo

Listing Office:

Keller Williams Realty Metropolitan

#23015450

3 bedrooms, 2 full baths, 1 partial townhouse for sale

$479,900

$6,839 Closing Credit

2 Full, 1 Partial

1,770 SqFt

6 Arrowgate Dr, Randolph NJ, 07869

Robert Cuccinello

Listing Office:

At Brokers LLC

#NJMR2000102

3 bedrooms, 2 full baths, 1 partial condo for sale

$579,000

$8,251 Closing Credit

2 Full, 1 Partial

124 Woodmont Dr, Randolph Twp NJ, 07869

Listing Office:

WEICHERT REALTORS CORP HQ

#3845142

$515,000

$7,339 Closing Credit

72 High Ave, Randolph Twp NJ, 07869

Listing Office:

CHRISTIE'S INT. REAL ESTATE GROUP

#3844708

Backup Offers

$665,000

$9,476 Closing Credit

70 Beaver Dam Rd, Randolph Twp NJ, 07869

Listing Office:

RE/MAX TOWN & VALLEY II

#3844701

3 bedrooms, 2 full baths, 1 partial house for sale

$628,000

$8,949 Closing Credit

2 Full, 1 Partial

2,159 SqFt

5 Grimal Ct, Randolph Twp NJ, 07869

Listing Office:

NATIONWIDE HOMES REALTY LLC

#3844047

5 bedrooms, 3 full baths, 1 partial house for sale

$650,000

$9,263 Closing Credit

3 Full, 1 Partial

27 Ash Ln, Randolph Township NJ, 07869

Dith Paul

Listing Office:

Signature Realty NJ LLC

#23014276

$425,000

$6,056 Closing Credit

1,533 SqFt

22 Longview Ave, Randolph Twp NJ, 07869

Listing Office:

COLDWELL BANKER REALTY

#3843289

What housing markets are near Randolph Township, NJ?

About Randolph Township, NJ

Randolph Township, NJ has 94 homes on the market. The number of homes for sale in Randolph Township, NJ increased by 22.1% between April 2023 and May 2023. This housing market listing prices have changed between April 2023 and May 2023: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 12.1% more expensive, 3 bedrooms properties prices increased by 13.3%, the cost of 4 bedrooms properties went up by 6.6%, the cost of 5 bedrooms properties went up by 8.9%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 28.6%, number of 3 bedrooms homes increased by 21.1%, 4 bedrooms homes inventory increased by 19%, 5 bedrooms homes became 33.3% more available. Randolph Township, NJ housing market in May 2023 saw over 19 listings sold above listed price, more than 0 sold at listed price and over 4 sold below.

MLS Disclaimers and Copyright

Based on information from Garden State MLS, BrightMLS, and New Jersey MLS for the period 06/01/2021 - 06/01/2023

IDX Information deemed reliable but not guaranteed. Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2023, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2023 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2023, 8:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2023 New Jersey Multiple Listing Service, Inc. All rights reserved.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2023, 8:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.