Is Warren, 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, Warren was a Buyer's Market.
Key Takeaway
Warren is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warren, NJ
How much do homes in Warren, NJ cost?
Median Sold Price
$1,075,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Warren have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Warren was $1,075,000 in April 2024, up 13.2% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | - | N/A |
| 2 Bedrooms | $485K | $533K | +9.9% |
| 3 Bedrooms | $650K | $998.2K | +53.6% |
| 4 Bedrooms | $880K | $925K | +5.1% |
| 5+ Bedrooms | $1.3M | $1.5M | +18.7% |
Summary: Warren 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 9.9%, 3 bedroom homes increased by 53.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Warren | $950K | $1.0M | +13.2% |
| Warren Township | $950K | $1.0M | +13.2% |
| Long Hill Township | $623.5K | $685.4K | +9.9% |
| Millington | $666K | $725K | +8.9% |
Housing Supply in Warren, NJ
How many homes are available in Warren, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 64 | +16.4% |
Summary: The Warren real estate market had 64 homes for sale in April 2024, a 16.4% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Warren 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 increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Warren in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 8% were sold at asking, and 67% were sold over asking.
Days on Market for Warren, NJ
We’re sorry, we don't have information for this market at the moment
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Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.