Is Rockaway, 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, Rockaway has remained a Seller's Market.
Housing Prices in Rockaway, NJ
How much do homes in Rockaway, NJ cost?
Median Sold Price
$490,333
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockaway was $490,333 in April 2024, up 12.7% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232.5K | $330K | +41.9% |
2 Bedrooms | $375K | $435K | +16.0% |
3 Bedrooms | $430K | $465K | +8.1% |
4 Bedrooms | $535K | $606.3K | +13.3% |
5+ Bedrooms | $690K | $662.5K | -4.0% |
Summary: Rockaway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Rockaway | $435K | $490.3K | +12.7% |
Rockaway Township | $435.2K | $490K | +12.6% |
Denville | $537K | $566.5K | +5.5% |
Denville Township | $533.7K | $560K | +4.9% |
Housing Supply in Rockaway, NJ
How many homes are available in Rockaway, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 79 | +19.7% |
Summary: The Rockaway real estate market had 79 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 20 | 29 | +45.0% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rockaway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Rockaway in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 6% were sold under asking, 17% were sold at asking, and 78% were sold over asking.
Days on Market for Rockaway, NJ
We’re sorry, we don't have information for this market at the moment