Is Randolph Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Randolph Township has remained a Seller's Market.
Housing Prices in Randolph Township, NJ
How much do homes in Randolph Township, NJ cost?
Median Sold Price
$720,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Randolph Township was $720,000 in April 2024, up 2.7% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $407.5K | $460K | +12.9% |
3 Bedrooms | $525K | $560K | +6.7% |
4 Bedrooms | $735K | $775K | +5.4% |
5+ Bedrooms | $860.5K | $850K | -1.2% |
Summary: Randolph 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 12.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
Succasunna | $530K | $583.5K | +10.1% |
Randolph | $700K | $720K | +2.9% |
Randolph Township | $700.7K | $720K | +2.7% |
Mine Hill Township | $410K | $420K | +2.4% |
Mine Hill | $410K | $420K | +2.4% |
Housing Supply in Randolph Township, NJ
How many homes are available in Randolph Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 79 | +21.5% |
Summary: The Randolph Township real estate market had 79 homes for sale in April 2024, a 21.5% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 33 | 45 | +36.4% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Randolph 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Randolph Township in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 13% were sold under asking, 13% were sold at asking, and 73% were sold over asking.
Days on Market for Randolph Township, NJ
How long does it take to sell a home in Randolph Township, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Randolph Township; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.