Is Long Valley, 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, Long Valley has remained a Seller's Market.
Housing Prices in Long Valley, NJ
How much do homes in Long Valley, NJ cost?
Median Sold Price
$718,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Long Valley was $718,000 in April 2024, up 15.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $307.5K | $1.0M | +241.5% |
2 Bedrooms | $350K | $420K | +20.0% |
3 Bedrooms | $493.5K | $526K | +6.6% |
4 Bedrooms | $650K | $750K | +15.4% |
5+ Bedrooms | $697.5K | $950K | +36.2% |
Summary: Long Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 241.5%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Cities
Chester Township | $750K | $975K | +30.0% |
Long Valley | $620K | $718K | +15.8% |
Mansfield Township | $339.9K | $390K | +14.7% |
Washington Township | $477K | $513.2K | +7.6% |
Housing Supply in Long Valley, NJ
How many homes are available in Long Valley, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The Long Valley real estate market had 45 homes for sale in April 2024, a 18.4% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 25 | 32 | +28.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Long Valley 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 remained the same, 4 bedroom homes increased by 28%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Long Valley in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 10% were sold at asking, and 90% were sold over asking.
Days on Market for Long Valley, NJ
We’re sorry, we don't have information for this market at the moment