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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wanaque is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Wanaque was a Seller's Market.

Key Takeaway

Wanaque 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 Wanaque, NJ

How much do homes in Wanaque, NJ cost?

Median Sold Price

$455,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+6.3%)

Key Takeaway

Homes in Wanaque have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$259.9K
N/A
2 $414K$449.9K
+8.7%
3 $430K$475K
+10.5%
4 $495K$485.4K
-1.9%
5+ $570.5K$627.5K
+10.0%

Summary: Wanaque housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Haskell
+11.9%
Bloomingdale
+9.6%
Wanaque
+6.3%
Ringwood
+5.5%
Oakland
+0.8%

Housing Supply in Wanaque, NJ

How many homes are available in Wanaque, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4763+34.0%

Summary: The Wanaque real estate market had 63 homes for sale in October 2024, a 34.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1620
+25.0%
3 1625
+56.3%
4 1114
+27.3%
5+ 33
0.0%

Summary: The Wanaque housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wanaque, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Wanaque in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.

Days on Market for Wanaque, 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 11 Days Ago

Newest Listings in Wanaque, NJ

Nearby Markets to Wanaque, NJ

What housing markets are near Wanaque, NJ?