Is Maplewood, 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, Maplewood has remained a Seller's Market.
Key Takeaway
Maplewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maplewood, NJ
How much do homes in Maplewood, NJ cost?
Median Sold Price
$851,500
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Maplewood have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Maplewood was $851,500 in April 2024, up 2.6% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $237.5K | +11.5% |
| 2 Bedrooms | $375K | $385K | +2.7% |
| 3 Bedrooms | $631K | $636K | +0.8% |
| 4 Bedrooms | $900K | $900K | 0.0% |
| 5+ Bedrooms | $1.2M | $1.4M | +17.0% |
Summary: Maplewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| South Orange | $855K | $997K | +16.6% |
| South Orange Village Township | $855K | $997K | +16.6% |
| Millburn | $999.9K | $1.1M | +10.0% |
| Maplewood | $830K | $851.5K | +2.6% |
| Maplewood Township | $830K | $851K | +2.5% |
Housing Supply in Maplewood, NJ
How many homes are available in Maplewood, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 93 | +50.0% |
Summary: The Maplewood real estate market had 93 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 28 | +27.3% |
| 4 Bedrooms | 19 | 31 | +63.2% |
| 5+ Bedrooms | 17 | 27 | +58.8% |
Summary: The Maplewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 63.2%, and 5+ bedroom homes increased by 58.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maplewood, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Maplewood in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 0% were sold under asking, 24% were sold at asking, and 76% were sold over asking.
Days on Market for Maplewood, NJ
We’re sorry, we don't have information for this market at the moment
