Is Stockholm, 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, Stockholm has remained a Neutral Market.
Key Takeaway
Stockholm is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Stockholm, NJ
How much do homes in Stockholm, NJ cost?
Median Sold Price
$365,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stockholm have sold for 1.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $235K | $324K | +37.9% |
| 3 Bedrooms | $359.4K | $360K | 0.2% |
| 4 Bedrooms | $606.9K | $477.7K | -21.3% |
| 5+ Bedrooms | - | $736.5K | N/A |
Summary: Stockholm housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 21.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklin | $262K | $315K | +20.2% |
| West Milford | $332.5K | $396.4K | +19.2% |
| West Milford Township | $360.1K | $408.5K | +13.4% |
| Highland Lakes | $314K | $345K | +9.9% |
| Stockholm | $358.9K | $365K | +1.7% |
Housing Supply in Stockholm, NJ
How many homes are available in Stockholm, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Stockholm real estate market had 19 homes for sale in March 2024, a 35.7% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Stockholm 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 16.7%, 3 bedroom homes increased by 120%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stockholm, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Stockholm in March 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Stockholm, NJ
We’re sorry, we don't have information for this market at the moment
