Is Bernardsville, 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, Bernardsville has remained a Seller's Market.
Housing Prices in Bernardsville, NJ
How much do homes in Bernardsville, NJ cost?
Median Sold Price
$825,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bernardsville was $825,000 in May 2024, up 0.6% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $238K | $251K | +5.5% |
2 Bedrooms | $409K | $510K | +24.7% |
3 Bedrooms | $616K | $664.9K | +8.0% |
4 Bedrooms | $888K | $961K | +8.2% |
5+ Bedrooms | $1.5M | $1.9M | +22.0% |
Summary: Bernardsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
Peapack and Gladstone | $893.7K | $1.0M | +20.4% |
Mendham | $808.5K | $971.5K | +20.2% |
Mendham Township | $823K | $972K | +18.1% |
Bernardsville | $820K | $825K | +0.6% |
Housing Supply in Bernardsville, NJ
How many homes are available in Bernardsville, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 46 | +15.0% |
Summary: The Bernardsville real estate market had 46 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Bernardsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Bernardsville in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Bernardsville, NJ
We’re sorry, we don't have information for this market at the moment