Is Wanaque, 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, Wanaque has remained a Seller's Market.
Key Takeaway
Wanaque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wanaque, NJ
How much do homes in Wanaque, NJ cost?
Median Sold Price
$450,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wanaque have sold for 8.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $259.9K | N/A |
| 2 Bedrooms | $399.9K | $435K | +8.8% |
| 3 Bedrooms | $400K | $460K | +15.0% |
| 4 Bedrooms | $482.5K | $507.5K | +5.2% |
| 5+ Bedrooms | $605K | $615K | +1.7% |
Summary: Wanaque housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Bloomingdale | $422.5K | $464.5K | +9.9% |
| Wanaque | $414K | $450K | +8.7% |
| Ringwood | $465K | $505K | +8.6% |
| Haskell | $390K | $420K | +7.7% |
| Oakland | $612.4K | $619K | +1.1% |
Housing Supply in Wanaque, NJ
How many homes are available in Wanaque, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 53 | +12.8% |
Summary: The Wanaque real estate market had 53 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 22 | 29 | +31.8% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Wanaque housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wanaque, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Wanaque in March 2024, the same as the previous month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for Wanaque, NJ
We’re sorry, we don't have information for this market at the moment
