Is King's Grant, 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, King's Grant has remained a Seller's Market.
Housing Prices in King's Grant, NJ
How much do homes in King's Grant, NJ cost?
Median Sold Price
$313,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in King's Grant was $313,500 in May 2024, up 22.9% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.5K | $215K | +34.8% |
2 Bedrooms | $225K | $261K | +16.0% |
3 Bedrooms | $289.2K | $345K | +19.3% |
4 Bedrooms | $495K | $557.5K | +12.6% |
5+ Bedrooms | $530K | $498.5K | -5.9% |
Summary: King's Grant housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.8%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
King's Grant | $255K | $313.5K | +22.9% |
Oak Hollow | $214.5K | $242.5K | +13.1% |
Housing Supply in King's Grant, NJ
How many homes are available in King's Grant, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 40 | +42.9% |
Summary: The King's Grant real estate market had 40 homes for sale in May 2024, a 42.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 11 | 19 | +72.7% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The King's Grant housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 72.7%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in King's Grant in May 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for King's Grant, NJ
How long does it take to sell a home in King's Grant, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 19 Days | +94.2% |
Summary: Homes in King's Grant had an average of 19 days on market in May 2024, up by 94.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in King's Grant; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.