Is Stow Creek Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stow Creek Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Stow Creek Township has remained a Neutral Market.

Key Takeaway

Stow Creek Township 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 Stow Creek Township, NJ

How much do homes in Stow Creek Township, NJ cost?

Median Sold Price

$220,000

$178/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$255,000(-53.7%)

Key Takeaway

Homes in Stow Creek Township have sold for 53.7% less than they did a month ago.

Summary: The median home sold price in Stow Creek Township was $220,000 in April 2024, down 53.7% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $475K$220K
-53.7%
4 --
N/A
5+ --
N/A

Summary: Stow Creek Township housing prices by bedroom type for April 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 decreased by 53.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Greenwich Township
+89.0%
Greenwich
+89.0%
Stow Creek Township
-53.7%

Housing Supply in Stow Creek Township, NJ

How many homes are available in Stow Creek Township, NJ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
76-14.3%

Summary: The Stow Creek Township real estate market had 6 homes for sale in April 2024, a 14.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 65
-16.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Stow Creek Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stow Creek Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Stow Creek Township in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Stow Creek Township, NJ

How long does it take to sell a home in Stow Creek Township, NJ?

Average Sale Time

Mar 2024Apr 2024CHANGE
61 Days66 Days+8.2%

Summary: Homes in Stow Creek Township had an average of 66 days on market in Apr 2024, up by 8.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stow Creek Township has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Stow Creek Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Stow Creek Township, NJ

Nearby Markets to Stow Creek Township, NJ

What housing markets are near Stow Creek Township, NJ?