Is South Orange Village Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, South Orange Village Township has remained a Seller's Market.
Housing Prices in South Orange Village Township, NJ
How much do homes in South Orange Village Township, NJ cost?
Median Sold Price
$971,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Orange Village Township was $971,000 in March 2024, up 10.6% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168.5K | $250K | +48.4% |
2 Bedrooms | $405.6K | $412K | +1.6% |
3 Bedrooms | $665K | $716.5K | +7.7% |
4 Bedrooms | $972K | $850K | -12.6% |
5+ Bedrooms | $1.1M | $1.2M | +4.3% |
Summary: South Orange Village Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
South Orange Village Township | $878K | $971K | +10.6% |
South Orange | $878K | $971K | +10.6% |
Maplewood | $825K | $850K | +3.0% |
Maplewood Township | $825K | $844.5K | +2.4% |
Housing Supply in South Orange Village Township, NJ
How many homes are available in South Orange Village Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 47 | +56.7% |
Summary: The South Orange Village Township real estate market had 47 homes for sale in March 2024, a 56.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 12 | 19 | +58.3% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The South Orange Village Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in South Orange Village Township in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for South Orange Village Township, NJ
We’re sorry, we don't have information for this market at the moment