Is Saddle Brook Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saddle Brook Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Saddle Brook Township was a Seller's Market.

Key Takeaway

Saddle Brook Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Saddle Brook Township, NJ

How much do homes in Saddle Brook Township, NJ cost?

Median Sold Price

$727,500

-

Based on all homes sold in September 2024.

Difference Since Last Month

+$84,224(+13.1%)

Key Takeaway

Homes in Saddle Brook Township have sold for 13.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $643.2K-
N/A
4 -$655K
N/A
5+ -$800K
N/A

Summary: Saddle Brook Township housing prices by bedroom type for September 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Saddle Brook Township
+13.1%
Saddle Brook
+13.1%

Housing Supply in Saddle Brook Township, NJ

How many homes are available in Saddle Brook Township, NJ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1530+100.0%

Summary: The Saddle Brook Township real estate market had 30 homes for sale in September 2024, a 100.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 912
+33.3%
4 311
+266.7%
5+ 13
+200.0%

Summary: The Saddle Brook Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 266.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saddle Brook Township, 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 Saddle Brook Township in September 2024, down by 50.0% 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 Saddle Brook Township, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Saddle Brook Township, NJ

Nearby Markets to Saddle Brook Township, NJ

What housing markets are near Saddle Brook Township, NJ?