Is Verona Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Verona Township was a Seller's Market.
Housing Prices in Verona Township, NJ
How much do homes in Verona Township, NJ cost?
Median Sold Price
$640,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $262K | +6.9% |
2 Bedrooms | $428.7K | $545K | +27.1% |
3 Bedrooms | $631K | $658K | +4.3% |
4 Bedrooms | $740.5K | $795K | +7.4% |
5+ Bedrooms | $925K | $875K | -5.4% |
Summary: Verona Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
Montclair Township | $990K | $1.1M | +19.6% |
Montclair | $989.8K | $1.1M | +18.8% |
Verona Township | $593K | $640K | +7.9% |
Verona | $593K | $640K | +7.9% |
Housing Supply in Verona Township, NJ
How many homes are available in Verona Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 39 | +18.2% |
Summary: The Verona Township real estate market had 39 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Verona Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Verona Township in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Verona Township, NJ
We’re sorry, we don't have information for this market at the moment