Is Linden, 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, Linden was a Seller's Market.
Housing Prices in Linden, NJ
How much do homes in Linden, NJ cost?
Median Sold Price
$485,000
$429/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Linden was $485,000 in April 2024, up 7.8% from last year, and the median price per square foot was $429.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $215K | +16.2% |
2 Bedrooms | $329.5K | $348.7K | +5.8% |
3 Bedrooms | $455K | $501K | +10.1% |
4 Bedrooms | $516.5K | $560K | +8.4% |
5+ Bedrooms | $596.2K | $632K | +6.0% |
Summary: Linden housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 6%.
Housing Supply in Linden, NJ
How many homes are available in Linden, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 124 | +20.4% |
Summary: The Linden real estate market had 124 homes for sale in April 2024, a 20.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 44 | 50 | +13.6% |
4 Bedrooms | 34 | 42 | +23.5% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Linden housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Linden in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Linden, NJ
How long does it take to sell a home in Linden, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 72 Days | +234.9% |
Summary: Homes in Linden had an average of 72 days on market in Apr 2024, up by 234.9% compared to last year.
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, 16 homes were sold in Linden; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.