Is Roxbury Township, 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, Roxbury Township was a Seller's Market.
Key Takeaway
Roxbury Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Roxbury Township, NJ
How much do homes in Roxbury Township, NJ cost?
Median Sold Price
$518,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Roxbury Township have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Roxbury Township was $518,000 in April 2024, up 16.4% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $294.5K | $315K | +7.0% |
| 2 Bedrooms | $327.5K | $360.5K | +10.1% |
| 3 Bedrooms | $414.2K | $460K | +11.0% |
| 4 Bedrooms | $588.7K | $609K | +3.4% |
| 5+ Bedrooms | $555K | $695.3K | +25.3% |
Summary: Roxbury Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Roxbury Township | $445K | $518K | +16.4% |
| Mount Arlington | $387.5K | $445K | +14.8% |
| Ledgewood | $376.7K | $417.4K | +10.8% |
| Landing | $410K | $447.5K | +9.1% |
Housing Supply in Roxbury Township, NJ
How many homes are available in Roxbury Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 81 | +44.6% |
Summary: The Roxbury Township real estate market had 81 homes for sale in April 2024, a 44.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 16 | 30 | +87.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Roxbury Township 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 increased by 55.6%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roxbury Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Roxbury Township in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 8% were sold under asking, 17% were sold at asking, and 75% were sold over asking.
Days on Market for Roxbury Township, NJ
We’re sorry, we don't have information for this market at the moment
