$8,313 Closing Credit*
$700,000
2,009 SqFt
5 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Scotch Plains Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Scotch Plains Township has remained a Seller's Market.
Key Takeaway
Scotch Plains Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scotch Plains Township, NJ
How much do homes in Scotch Plains Township, NJ cost?
Median Sold Price
$785,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$50,000(+6.8%)
Key Takeaway
Homes in Scotch Plains Township have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Scotch Plains Township was $785,000 in December 2024, up 6.8% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $370K | +31.2% |
| 2 Bedrooms | $439K | $500K | +13.9% |
| 3 Bedrooms | $635K | $660K | +3.9% |
| 4 Bedrooms | $800K | $850K | +6.3% |
| 5+ Bedrooms | $1.2M | $1.2M | -2.2% |
Summary: Scotch Plains Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Westfield | $1.0M | $1.2M | +12.8% |
| Fanwood | $670K | $735K | +9.7% |
| Scotch Plains | $722.5K | $782K | +8.2% |
| Scotch Plains Township | $735K | $785K | +6.8% |
| Watchung | $940K | $978.7K | +4.1% |
Housing Supply in Scotch Plains Township, NJ
How many homes are available in Scotch Plains Township, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 62 | 52 | -16.1% |
Summary: The Scotch Plains Township real estate market had 52 homes for sale in December 2024, a 16.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 23 | 16 | -30.4% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Scotch Plains Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scotch Plains Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Scotch Plains Township in December 2024, the same as the previous month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Scotch Plains Township, NJ
How long does it take to sell a home in Scotch Plains 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 Scotch Plains Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Scotch Plains Township; 6% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.