Is Kendall Park, 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, Kendall Park has remained a Seller's Market.
Key Takeaway
Kendall Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kendall Park, NJ
How much do homes in Kendall Park, NJ cost?
Median Sold Price
$615,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kendall Park have sold for 7% more than they did a year ago.
Summary: The median home sold price in Kendall Park was $615,000 in April 2024, up 7% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $228.2K | N/A |
| 2 Bedrooms | $404K | $582.5K | +44.2% |
| 3 Bedrooms | $462.5K | $500K | +8.1% |
| 4 Bedrooms | $650K | $683K | +5.1% |
| 5+ Bedrooms | $815.5K | $692.5K | -15.1% |
Summary: Kendall Park 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 44.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Franklin Park | $319.9K | $375K | +17.2% |
| Franklin Township | $423.6K | $468.3K | +10.5% |
| South Brunswick Township | $530K | $579.1K | +9.3% |
| Kendall Park | $575K | $615K | +7.0% |
| Monmouth Junction | $471K | $500.1K | +6.2% |
Housing Supply in Kendall Park, NJ
How many homes are available in Kendall Park, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The Kendall Park real estate market had 28 homes for sale in April 2024, a 27.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Kendall Park 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 50%, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kendall Park, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Kendall Park in April 2024, down by 25.0% 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 Kendall Park, NJ
How long does it take to sell a home in Kendall Park, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 9 Days | -73.5% |
Summary: Homes in Kendall Park had an average of 9 days on market in Apr 2024, down by 73.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kendall Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Kendall Park; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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