Is Rutherford, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 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
$997,500
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Rutherford have sold for 24.1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $803.5K | $775K | -3.6% |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | $1.0M | - | N/A |
Summary: Rutherford housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Rutherford, NJ
How many homes are available in Rutherford, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Summary: The Rutherford real estate market had 21 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Rutherford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutherford, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Rutherford in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Rutherford, NJ
We’re sorry, we don't have information for this market at the moment
