Is Warren County, 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, Warren County was a Seller's Market.
Housing Prices in Warren County, NJ
How much do homes in Warren County, NJ cost?
Median Sold Price
$369,678
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Warren County was $369,678 in March 2024, up 6.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $204K | +10.3% |
2 Bedrooms | $254.4K | $285K | +12.0% |
3 Bedrooms | $330K | $364.3K | +10.4% |
4 Bedrooms | $470K | $494.9K | +5.3% |
5+ Bedrooms | $544.9K | $550K | +0.9% |
Summary: Warren County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
Sussex County | $340K | $374.9K | +10.2% |
Northampton County | $295.6K | $325.1K | +10.0% |
Morris County | $574.9K | $624.6K | +8.6% |
Warren County | $348.5K | $369.6K | +6.1% |
Hunterdon County | $508.2K | $526.1K | +3.5% |
Housing Supply in Warren County, NJ
How many homes are available in Warren County, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
376 | 434 | +15.4% |
Summary: The Warren County real estate market had 434 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 70 | 86 | +22.9% |
3 Bedrooms | 150 | 171 | +14.0% |
4 Bedrooms | 120 | 132 | +10.0% |
5+ Bedrooms | 27 | 37 | +37.0% |
Summary: The Warren County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 37%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 66 | -9.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Warren County in March 2024, down by 9.6% month-over-month. Of the 66 sold homes, 27% were sold under asking, 15% were sold at asking, and 58% were sold over asking.
Days on Market for Warren County, NJ
How long does it take to sell a home in Warren County, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 24 Days | -39.5% |
Summary: Homes in Warren County had an average of 24 days on market in Mar 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in Warren County; 2% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.