Is Vernon Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Vernon Township was a Seller's Market.
Housing Prices in Vernon Township, NJ
How much do homes in Vernon Township, NJ cost?
Median Sold Price
$325,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Vernon Township was $325,000 in June 2024, up 13.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.5K | $165K | +9.6% |
2 Bedrooms | $220K | $250K | +13.6% |
3 Bedrooms | $325K | $360K | +10.8% |
4 Bedrooms | $407.5K | $497.5K | +22.1% |
5+ Bedrooms | $575K | $487.5K | -15.2% |
Summary: Vernon Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
Vernon Township | $285.9K | $325K | +13.6% |
Highland Lakes | $308.8K | $350K | +13.3% |
Wantage Township | $379K | $423K | +11.6% |
Vernon | $225K | $250K | +11.1% |
Glenwood | $385K | $367.5K | -4.5% |
Housing Supply in Vernon Township, NJ
How many homes are available in Vernon Township, NJ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
209 | 213 | +1.9% |
Summary: The Vernon Township real estate market had 213 homes for sale in June 2024, a 1.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 31 | -6.1% |
2 Bedrooms | 67 | 66 | -1.5% |
3 Bedrooms | 77 | 80 | +3.9% |
4 Bedrooms | 31 | 33 | +6.5% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Vernon Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
43 | 34 | -20.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Vernon Township in June 2024, down by 20.9% month-over-month. Of the 34 sold homes, 21% were sold under asking, 21% were sold at asking, and 59% were sold over asking.
Days on Market for Vernon Township, NJ
We’re sorry, we don't have information for this market at the moment