Is Wantage 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, Wantage Township was a Neutral Market.
Key Takeaway
Wantage Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wantage Township, NJ
How much do homes in Wantage Township, NJ cost?
Median Sold Price
$410,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wantage Township have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Wantage Township was $410,000 in April 2024, up 10.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | - | N/A |
| 2 Bedrooms | $253.4K | $260K | +2.6% |
| 3 Bedrooms | $350K | $376K | +7.4% |
| 4 Bedrooms | $472K | $520K | +10.2% |
| 5+ Bedrooms | $920K | $595K | -35.3% |
Summary: Wantage Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 35.3%.
Median Sold Price Compared To Nearby Cities
| Hardyston Township | $340K | $381K | +12.1% |
| Vernon Township | $285K | $318.3K | +11.7% |
| Sussex | $344.9K | $380.5K | +10.3% |
| Wantage Township | $372.5K | $410K | +10.1% |
Housing Supply in Wantage Township, NJ
How many homes are available in Wantage Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The Wantage Township real estate market had 45 homes for sale in April 2024, a 9.8% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Wantage 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 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wantage Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Wantage Township in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Wantage Township, NJ
We’re sorry, we don't have information for this market at the moment
