Is Rockaway 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, Rockaway Township has remained a Seller's Market.
Housing Prices in Rockaway Township, NJ
How much do homes in Rockaway Township, NJ cost?
Median Sold Price
$478,683
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rockaway Township was $478,683 in March 2024, up 10% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $325K | +51.2% |
2 Bedrooms | $370.5K | $425K | +14.7% |
3 Bedrooms | $430K | $451K | +4.9% |
4 Bedrooms | $539K | $575K | +6.7% |
5+ Bedrooms | $690K | $662.5K | -4.0% |
Summary: Rockaway Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.2%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Rockaway Township | $435K | $478.6K | +10.0% |
Rockaway | $435K | $475.3K | +9.3% |
Denville | $532.5K | $565K | +6.1% |
Boonton Township | $600K | $630K | +5.0% |
Denville Township | $531.2K | $557.5K | +4.9% |
Housing Supply in Rockaway Township, NJ
How many homes are available in Rockaway Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 88 | +12.8% |
Summary: The Rockaway Township real estate market had 88 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 24 | 29 | +20.8% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Rockaway 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 remained the same, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Rockaway Township in March 2024, down by 6.3% month-over-month. Of the 15 sold homes, 13% were sold under asking, 13% were sold at asking, and 73% were sold over asking.
Days on Market for Rockaway Township, NJ
We’re sorry, we don't have information for this market at the moment