$10,000 Closing Credit*
$1,050,000
8 Beds
•3 Full Baths, 1 Partial
Listing Office: REALTY EXECUTIVES EXCEPTIONAL
Is Wharton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Wharton was a Seller's Market.
Key Takeaway
Wharton 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 Wharton, NJ
How much do homes in Wharton, NJ cost?
Median Sold Price
$470,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$60,000(+14.6%)
Key Takeaway
Homes in Wharton have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Wharton was $470,000 in August 2024, up 14.6% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $285K | +34.1% |
| 2 Bedrooms | $350K | $455K | +30.0% |
| 3 Bedrooms | $415K | $431.2K | +3.9% |
| 4 Bedrooms | $458K | $549.5K | +20.0% |
| 5+ Bedrooms | $590K | - | N/A |
Summary: Wharton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.1%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Roxbury Township | $450K | $545K | +21.1% |
| Mine Hill | $395K | $475.5K | +20.4% |
| Mine Hill Township | $395K | $475.5K | +20.4% |
| Wharton | $410K | $470K | +14.6% |
| Dover | $375K | $427.5K | +14.0% |
Housing Supply in Wharton, NJ
How many homes are available in Wharton, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Wharton real estate market had 39 homes for sale in August 2024, a 2.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wharton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wharton, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Wharton in August 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Wharton, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.