Is Sparta, 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, Sparta has remained a Seller's Market.
Housing Prices in Sparta, NJ
How much do homes in Sparta, NJ cost?
Median Sold Price
$531,333
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sparta was $531,333 in March 2024, up 6.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.5K | $277.5K | +12.1% |
2 Bedrooms | $310K | $348K | +12.3% |
3 Bedrooms | $426K | $476K | +11.7% |
4 Bedrooms | $621K | $676K | +8.9% |
5+ Bedrooms | $852.5K | $925K | +8.5% |
Summary: Sparta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
Lafayette | $408.6K | $435K | +6.5% |
Sparta | $500K | $531.3K | +6.3% |
Sparta Township | $500K | $531.3K | +6.3% |
Lafayette Township | $437.3K | $440K | +0.6% |
Housing Supply in Sparta, NJ
How many homes are available in Sparta, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 91 | +18.2% |
Summary: The Sparta real estate market had 91 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 27 | 35 | +29.6% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Sparta 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 10%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Sparta in March 2024, up by 61.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 5% were sold at asking, and 48% were sold over asking.
Days on Market for Sparta, NJ
We’re sorry, we don't have information for this market at the moment