Is East Orange, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Orange was a Seller's Market.
Key Takeaway
East Orange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Orange, NJ
How much do homes in East Orange, NJ cost?
Median Sold Price
$400,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Orange have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in East Orange was $400,000 in April 2024, up 8.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $181K | +20.7% |
| 2 Bedrooms | $205K | $292.5K | +42.7% |
| 3 Bedrooms | $355K | $391.7K | +10.4% |
| 4 Bedrooms | $420K | $450K | +7.1% |
| 5+ Bedrooms | $410K | $462.5K | +12.8% |
Summary: East Orange housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 42.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| South Orange Village Township | $855K | $997K | +16.6% |
| East Orange | $367.5K | $400K | +8.8% |
Housing Supply in East Orange, NJ
How many homes are available in East Orange, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 154 | 178 | +15.6% |
Summary: The East Orange real estate market had 178 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 80 | 92 | +15.0% |
Summary: The East Orange housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Orange, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in East Orange in April 2024, down by 33.3% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% were sold over asking.
Days on Market for East Orange, NJ
We’re sorry, we don't have information for this market at the moment
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.