Is Cedar Grove 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, Cedar Grove Township has remained a Seller's Market.
Housing Prices in Cedar Grove Township, NJ
How much do homes in Cedar Grove Township, NJ cost?
Median Sold Price
$675,000
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cedar Grove Township was $675,000 in April 2024, up 4.7% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252K | $265K | +5.2% |
2 Bedrooms | $562.5K | $515K | -8.4% |
3 Bedrooms | $629K | $622.5K | -1.0% |
4 Bedrooms | $700K | $762K | +8.9% |
5+ Bedrooms | $775K | $899.9K | +16.1% |
Summary: Cedar Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Cities
Little Falls Township | $450K | $522K | +16.0% |
Little Falls | $480K | $522K | +8.8% |
Cedar Grove | $640K | $675K | +5.5% |
Cedar Grove Township | $645K | $675K | +4.7% |
North Caldwell | $912.5K | $860K | -5.8% |
Housing Supply in Cedar Grove Township, NJ
How many homes are available in Cedar Grove Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Summary: The Cedar Grove Township real estate market had 35 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Cedar Grove 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 remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Cedar Grove Township in April 2024, up by 50.0% month-over-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 Cedar Grove Township, NJ
We’re sorry, we don't have information for this market at the moment