Is Warren 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, Warren Township was a Buyer's Market.
Housing Prices in Warren Township, NJ
How much do homes in Warren Township, NJ cost?
Median Sold Price
$1,075,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Warren Township 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 | $1.0M | +61.8% |
4 Bedrooms | $880K | $930K | +5.7% |
5+ Bedrooms | $1.3M | $1.5M | +19.1% |
Summary: Warren 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 9.9%, 3 bedroom homes increased by 61.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
Warren Township | $950K | $1.0M | +13.2% |
Warren | $950K | $1.0M | +13.2% |
Basking Ridge | $725.4K | $800K | +10.3% |
Long Hill Township | $623.5K | $685.4K | +9.9% |
Millington | $666K | $725K | +8.9% |
Housing Supply in Warren Township, NJ
How many homes are available in Warren Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 65 | +18.2% |
Summary: The Warren Township real estate market had 65 homes for sale in April 2024, a 18.2% 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 | 22 | +22.2% |
5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Warren 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 22.2%, 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
Summary: A total of 12 homes were sold or pending in Warren Township 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 Township, NJ
We’re sorry, we don't have information for this market at the moment