Is Wantage Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wantage Township is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Wantage Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wantage Township, NJ

How much do homes in Wantage Township, NJ cost?

Median Sold Price

$419,500

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$44,500(+11.9%)

Key Takeaway

Homes in Wantage Township have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Wantage Township was $419,500 in February 2024, up 11.9% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $500K-
N/A
2 $249.9K$260K
+4.0%
3 $359.9K$378K
+5.0%
4 $505K$525K
+4.0%
5+ $947.5K$552.5K
-41.7%

Summary: Wantage Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 41.7%.

Median Sold Price Compared To Nearby Cities

Vernon Township
+12.4%
Wantage Township
+11.9%
Hardyston Township
+11.0%
Sussex
+7.8%

Housing Supply in Wantage Township, NJ

How many homes are available in Wantage Township, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3642+16.7%

Summary: The Wantage Township real estate market had 42 homes for sale in February 2024, a 16.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1415
+7.1%
4 1416
+14.3%
5+ 35
+66.7%

Summary: The Wantage Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wantage Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Wantage Township in February 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Wantage Township, 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 28 Days Ago

Newest Listings in Wantage Township, NJ

Nearby Markets to Wantage Township, NJ

What housing markets are near Wantage Township, NJ?