Is Irvington, 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, Irvington was a Seller's Market.
Housing Prices in Irvington, NJ
How much do homes in Irvington, NJ cost?
Median Sold Price
$350,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Irvington was $350,000 in April 2024, up 8.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $207K | +136.6% |
2 Bedrooms | $247.5K | $298.5K | +20.6% |
3 Bedrooms | $320K | $350K | +9.4% |
4 Bedrooms | $357.5K | $400K | +11.9% |
5+ Bedrooms | $380K | $465K | +22.4% |
Summary: Irvington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.6%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Cities
Irvington Township | $320K | $350K | +9.4% |
Irvington | $322.5K | $350K | +8.5% |
Maplewood | $830K | $851.5K | +2.6% |
Maplewood Township | $830K | $851K | +2.5% |
Housing Supply in Irvington, NJ
How many homes are available in Irvington, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 158 | +17.9% |
Summary: The Irvington real estate market had 158 homes for sale in April 2024, a 17.9% 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 | 13 | 12 | -7.7% |
3 Bedrooms | 37 | 36 | -2.7% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 63 | 83 | +31.7% |
Summary: The Irvington 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 decreased by 7.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 31.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Irvington in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for Irvington, NJ
How long does it take to sell a home in Irvington, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Irvington; 0% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.