Is Roxbury 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, Roxbury Township has remained a Seller's Market.
Key Takeaway
Roxbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roxbury Township, NJ
How much do homes in Roxbury Township, NJ cost?
Median Sold Price
$510,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Roxbury Township have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Roxbury Township was $510,000 in March 2024, up 11.3% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283.5K | $315K | +11.1% |
| 2 Bedrooms | $325K | $360K | +10.8% |
| 3 Bedrooms | $410.5K | $460K | +12.0% |
| 4 Bedrooms | $597.5K | $605K | +1.3% |
| 5+ Bedrooms | $562.5K | $695.3K | +23.6% |
Summary: Roxbury Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Mount Arlington | $385K | $442.5K | +14.9% |
| Roxbury Township | $458.3K | $510K | +11.3% |
| Ledgewood | $379.2K | $413.5K | +9.0% |
| Landing | $406K | $435K | +7.1% |
Housing Supply in Roxbury Township, NJ
How many homes are available in Roxbury Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 54 | +3.8% |
Summary: The Roxbury Township real estate market had 54 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Roxbury Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roxbury Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Roxbury Township in March 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Roxbury Township, NJ
How long does it take to sell a home in Roxbury Township, NJ?
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
Key Takeaway
Many homes in Roxbury Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Roxbury Township; 10% 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.
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.