Is Wharton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wharton has remained a Seller's Market.
Key Takeaway
Wharton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wharton, NJ
How much do homes in Wharton, NJ cost?
Median Sold Price
$435,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wharton have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Wharton was $435,000 in April 2024, up 9.4% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $272.5K | +29.8% |
| 2 Bedrooms | $350K | $404K | +15.4% |
| 3 Bedrooms | $415K | $435K | +4.8% |
| 4 Bedrooms | $456K | $485K | +6.4% |
| 5+ Bedrooms | $544.5K | $667K | +22.5% |
Summary: Wharton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.8%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Roxbury Township | $445K | $518K | +16.4% |
| Dover | $380K | $428.5K | +12.8% |
| Wharton | $397.5K | $435K | +9.4% |
| Mine Hill | $410K | $420K | +2.4% |
| Mine Hill Township | $410K | $420K | +2.4% |
Housing Supply in Wharton, NJ
How many homes are available in Wharton, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +20.8% |
Summary: The Wharton real estate market had 29 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wharton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wharton, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Wharton in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Wharton, NJ
How long does it take to sell a home in Wharton, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wharton has remained consistent over time.
Summary: During April 2024, 7 homes were sold in Wharton; 0% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
