Is Berkeley Heights, 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, Berkeley Heights has remained a Seller's Market.
Key Takeaway
Berkeley Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berkeley Heights, NJ
How much do homes in Berkeley Heights, NJ cost?
Median Sold Price
$755,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Berkeley Heights have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Berkeley Heights was $755,000 in April 2024, up 10.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $217.5K | +7.4% |
| 2 Bedrooms | $428K | $455.5K | +6.4% |
| 3 Bedrooms | $608.7K | $625K | +2.7% |
| 4 Bedrooms | $720K | $840.5K | +16.7% |
| 5+ Bedrooms | $980K | $920K | -6.1% |
Summary: Berkeley Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Gillette | $555K | $630.5K | +13.6% |
| Berkeley Heights Township | $690K | $767.5K | +11.2% |
| Berkeley Heights | $682K | $755K | +10.7% |
| Watchung | $875K | $951.7K | +8.8% |
| New Providence | $802.5K | $809K | +0.8% |
Housing Supply in Berkeley Heights, NJ
How many homes are available in Berkeley Heights, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Summary: The Berkeley Heights real estate market had 32 homes for sale in April 2024, a 28.0% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 9 | 15 | +66.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Berkeley Heights 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley Heights, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Berkeley Heights in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for Berkeley Heights, NJ
We’re sorry, we don't have information for this market at the moment
