Is Berkeley Heights Township, 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 Township has remained a Seller's Market.
Housing Prices in Berkeley Heights Township, NJ
How much do homes in Berkeley Heights Township, NJ cost?
Median Sold Price
$767,500
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berkeley Heights Township was $767,500 in April 2024, up 11.2% 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 | $430K | $455.5K | +5.9% |
3 Bedrooms | $612.5K | $620K | +1.2% |
4 Bedrooms | $722K | $851K | +17.9% |
5+ Bedrooms | $992.4K | $920K | -7.3% |
Summary: Berkeley Heights Township 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 5.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 7.3%.
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 Township, NJ
How many homes are available in Berkeley Heights Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 38 | +31.0% |
Summary: The Berkeley Heights Township real estate market had 38 homes for sale in April 2024, a 31.0% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Berkeley Heights Township 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Berkeley Heights Township in April 2024, up by 71.4% month-over-month. Of the 12 sold homes, 8% were sold under asking, 0% were sold at asking, and 92% were sold over asking.
Days on Market for Berkeley Heights Township, NJ
We’re sorry, we don't have information for this market at the moment