$4,150,000
6 Beds
•7 Full Baths, 2 Partial
Roi Klipper, Listing Office: Corcoran Infinity Properties
Is Saddle River, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Saddle River has remained a Buyer's Market.
Key Takeaway
Saddle River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saddle River, NJ
How much do homes in Saddle River, NJ cost?
Median Sold Price
$1,125,000
$597/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
-$3,219,000(-74.1%)
Key Takeaway
Homes in Saddle River have sold for 74.1% less than they did a month ago.
Summary: The median home sold price in Saddle River was $1,125,000 in August 2024, down 74.1% from last month, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | $4.3M | - | N/A |
Summary: Saddle River housing prices by bedroom type for August 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
| Allendale | $1.6M | $1.8M | +11.9% |
| Woodcliff Lake | $1.6M | $712K | -56.0% |
| Saddle River | $4.3M | $1.1M | -74.1% |
Housing Supply in Saddle River, NJ
How many homes are available in Saddle River, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The Saddle River real estate market had 35 homes for sale in August 2024, a 16.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Saddle River 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 Saddle River, 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 Saddle River in August 2024, the same as the previous 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 Saddle River, NJ
How long does it take to sell a home in Saddle River, NJ?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 79 Days | 14 Days | -82.3% |
Summary: Homes in Saddle River had an average of 14 days on market in Aug 2024, down by 82.3% compared to last month.
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 Saddle River are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in Saddle River; 50% 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.
