Is Vernon, 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, Vernon has remained a Seller's Market.
Housing Prices in Vernon, NJ
How much do homes in Vernon, NJ cost?
Median Sold Price
$245,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Vernon was $245,000 in March 2024, up 12.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $160K | +14.3% |
2 Bedrooms | $200K | $233.7K | +16.9% |
3 Bedrooms | $270K | $315K | +16.7% |
4 Bedrooms | $499K | $398.2K | -20.2% |
5+ Bedrooms | $552.5K | $487.5K | -11.8% |
Summary: Vernon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Cities
Vernon | $217.2K | $245K | +12.8% |
Hardyston Township | $340K | $380K | +11.8% |
Vernon Township | $280K | $310.7K | +11.0% |
Highland Lakes | $314K | $345K | +9.9% |
Glenwood | $375K | $330K | -12.0% |
Housing Supply in Vernon, NJ
How many homes are available in Vernon, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 88 | +18.9% |
Summary: The Vernon real estate market had 88 homes for sale in March 2024, a 18.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 21 | +61.5% |
2 Bedrooms | 30 | 32 | +6.7% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Vernon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 61.5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Vernon in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Vernon, NJ
We’re sorry, we don't have information for this market at the moment