Is Bernards 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, Bernards Township has remained a Seller's Market.
Housing Prices in Bernards Township, NJ
How much do homes in Bernards Township, NJ cost?
Median Sold Price
$807,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bernards Township was $807,000 in April 2024, up 9.7% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282K | $309K | +9.6% |
2 Bedrooms | $360.5K | $446K | +23.7% |
3 Bedrooms | $667.5K | $727.5K | +9.0% |
4 Bedrooms | $939.5K | $1.1M | +20.3% |
5+ Bedrooms | $1.2M | $1.4M | +15.1% |
Summary: Bernards Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
Warren Township | $950K | $1.0M | +13.2% |
Basking Ridge | $725.4K | $800K | +10.3% |
Long Hill Township | $623.5K | $685.4K | +9.9% |
Bernards Township | $735.9K | $807K | +9.7% |
Millington | $666K | $725K | +8.9% |
Housing Supply in Bernards Township, NJ
How many homes are available in Bernards Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 100 | +47.1% |
Summary: The Bernards Township real estate market had 100 homes for sale in April 2024, a 47.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 11 | 18 | +63.6% |
4 Bedrooms | 19 | 27 | +42.1% |
5+ Bedrooms | 15 | 24 | +60.0% |
Summary: The Bernards Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 63.6%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 25 | +92.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Bernards Township in April 2024, up by 92.3% month-over-month. Of the 25 sold homes, 16% were sold under asking, 4% were sold at asking, and 80% were sold over asking.
Days on Market for Bernards Township, NJ
We’re sorry, we don't have information for this market at the moment