Is Maplewood 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, Maplewood Township has remained a Seller's Market.
Housing Prices in Maplewood Township, NJ
How much do homes in Maplewood Township, NJ cost?
Median Sold Price
$875,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Maplewood Township was $875,000 in May 2024, up 8.2% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $240K | +6.7% |
2 Bedrooms | $360K | $385K | +6.9% |
3 Bedrooms | $630.5K | $636K | +0.9% |
4 Bedrooms | $883.7K | $910K | +3.0% |
5+ Bedrooms | $1.3M | $1.4M | +10.0% |
Summary: Maplewood Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
South Orange | $853.7K | $995K | +16.5% |
South Orange Village Township | $853.7K | $995K | +16.5% |
Maplewood Township | $809K | $875K | +8.2% |
Maplewood | $809K | $875K | +8.2% |
Housing Supply in Maplewood Township, NJ
How many homes are available in Maplewood Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 115 | +29.2% |
Summary: The Maplewood Township real estate market had 115 homes for sale in May 2024, a 29.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 30 | 46 | +53.3% |
5+ Bedrooms | 26 | 33 | +26.9% |
Summary: The Maplewood 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 100%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Maplewood Township in May 2024, up by 22.2% month-over-month. Of the 22 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for Maplewood Township, NJ
We’re sorry, we don't have information for this market at the moment