Is Nutley Township, 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, Nutley Township has remained a Seller's Market.
Housing Prices in Nutley Township, NJ
How much do homes in Nutley Township, NJ cost?
Median Sold Price
$585,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Nutley Township was $585,000 in May 2024, up 12.4% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223K | $232K | +4.0% |
2 Bedrooms | $470K | $525K | +11.7% |
3 Bedrooms | $523.5K | $560K | +7.0% |
4 Bedrooms | $630K | $708K | +12.4% |
5+ Bedrooms | $752K | $810K | +7.7% |
Summary: Nutley Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Bloomfield Township | $475K | $536K | +12.8% |
Bloomfield | $475K | $536K | +12.8% |
Nutley Township | $520.2K | $585K | +12.4% |
Nutley | $520.8K | $581K | +11.6% |
Belleville | $400K | $428K | +7.0% |
Housing Supply in Nutley Township, NJ
How many homes are available in Nutley Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 89 | +36.9% |
Summary: The Nutley Township real estate market had 89 homes for sale in May 2024, a 36.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 21 | 37 | +76.2% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Nutley Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 76.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Nutley Township in May 2024, up by 14.3% month-over-month. Of the 16 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Nutley Township, NJ
We’re sorry, we don't have information for this market at the moment