$10,000 Closing Credit*
$1,525,000
5 Beds
•5 Full Baths, 2 Partial
Victor Ramos Faist, Listing Office: Keller Williams Park Views
Is Rutherford, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Rutherford was a Seller's Market.
Key Takeaway
Rutherford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rutherford, NJ
How much do homes in Rutherford, NJ cost?
Median Sold Price
$742,500
-
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$162,500(+28.0%)
Key Takeaway
Homes in Rutherford have sold for 28% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232K | $229K | -1.3% |
| 2 Bedrooms | $375K | $417.5K | +11.3% |
| 3 Bedrooms | $625K | $767.5K | +22.8% |
| 4 Bedrooms | $696K | $775K | +11.4% |
| 5+ Bedrooms | $970K | $930K | -4.1% |
Summary: Rutherford housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in Rutherford, NJ
How many homes are available in Rutherford, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Rutherford real estate market had 27 homes for sale in August 2024, a 8.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Rutherford housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rutherford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rutherford in August 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rutherford, NJ
We’re sorry, we don't have information for this market at the moment
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