Is Vernon, 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, Vernon was a Seller's Market.
Housing Prices in Vernon, NJ
How much do homes in Vernon, NJ cost?
Median Sold Price
$251,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Vernon was $251,000 in April 2024, up 14.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $155K | +6.9% |
2 Bedrooms | $202K | $239K | +18.3% |
3 Bedrooms | $280K | $320K | +14.3% |
4 Bedrooms | $425K | $421.5K | -0.8% |
5+ Bedrooms | $575K | $487.5K | -15.2% |
Summary: Vernon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
Vernon | $220K | $251K | +14.1% |
Highland Lakes | $312K | $350K | +12.2% |
Hardyston Township | $340K | $381K | +12.1% |
Vernon Township | $285K | $318.3K | +11.7% |
Glenwood | $387.4K | $330K | -14.8% |
Housing Supply in Vernon, NJ
How many homes are available in Vernon, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 94 | +14.6% |
Summary: The Vernon real estate market had 94 homes for sale in April 2024, a 14.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 25 | +31.6% |
2 Bedrooms | 31 | 29 | -6.5% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Vernon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.6%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 8 | -52.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Vernon in April 2024, down by 52.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Vernon, NJ
We’re sorry, we don't have information for this market at the moment