Is Clark, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clark has remained a Seller's Market.
Housing Prices in Clark, NJ
How much do homes in Clark, NJ cost?
Median Sold Price
$650,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clark was $650,000 in May 2024, up 9.2% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $280K | +7.7% |
2 Bedrooms | $382.5K | $600K | +56.9% |
3 Bedrooms | $569K | $597.5K | +5.0% |
4 Bedrooms | $680K | $694.9K | +2.2% |
5+ Bedrooms | $850K | $878K | +3.3% |
Summary: Clark housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 56.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Cranford | $620K | $685K | +10.5% |
Clark | $595K | $650K | +9.2% |
Clark Township | $595K | $649.5K | +9.2% |
Rahway | $423.8K | $450K | +6.2% |
Housing Supply in Clark, NJ
How many homes are available in Clark, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 39 | -4.9% |
Summary: The Clark real estate market had 39 homes for sale in May 2024, a 4.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Clark housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Clark in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Clark, NJ
How long does it take to sell a home in Clark, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
142 Days | 17 Days | -88.0% |
Summary: Homes in Clark had an average of 17 days on market in May 2024, down by 88% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Clark; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.