Is Boonton 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, Boonton Township has remained a Seller's Market.
Key Takeaway
Boonton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boonton Township, NJ
How much do homes in Boonton Township, NJ cost?
Median Sold Price
$666,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Boonton Township have sold for 11% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $449K | $482.5K | +7.5% |
| 3 Bedrooms | $530K | $582.5K | +9.9% |
| 4 Bedrooms | $669K | $722.2K | +8.0% |
| 5+ Bedrooms | $987.2K | $875K | -11.4% |
Summary: Boonton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Rockaway Township | $435.2K | $490K | +12.6% |
| Boonton Township | $600K | $666K | +11.0% |
| Boonton | $600K | $666K | +11.0% |
| Denville Township | $533.7K | $560K | +4.9% |
Housing Supply in Boonton Township, NJ
How many homes are available in Boonton Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Boonton Township real estate market had 47 homes for sale in April 2024, a 17.5% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Boonton 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 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boonton Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Boonton Township in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Boonton Township, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.