Is Towaco, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Towaco is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Towaco was a Buyer's Market.

Key Takeaway

Towaco 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 Towaco, NJ

How much do homes in Towaco, NJ cost?

Median Sold Price

$628,500

-

Based on all homes sold in February 2024.

Difference Since Last Month

-$496,500(-44.1%)

Key Takeaway

Homes in Towaco have sold for 44.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 -$627K
N/A
4 -$630K
N/A
5+ $1.1M-
N/A

Summary: Towaco housing prices by bedroom type for February 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Towaco, NJ

How many homes are available in Towaco, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1114+27.3%

Summary: The Towaco real estate market had 14 homes for sale in February 2024, a 27.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 14
+300.0%
5+ 88
0.0%

Summary: The Towaco housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Towaco, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Towaco in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Towaco, NJ

We’re sorry, we don't have information for this market at the moment

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

Report Updated 27 Days Ago

Newest Listings in Towaco, NJ

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