Is Rockaway 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, Rockaway Township has remained a Seller's Market.
Housing Prices in Rockaway Township, NJ
How much do homes in Rockaway Township, NJ cost?
Median Sold Price
$490,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockaway Township was $490,000 in April 2024, up 12.6% 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 | $210K | $327.4K | +56.0% |
2 Bedrooms | $375.5K | $434.6K | +15.7% |
3 Bedrooms | $430K | $463K | +7.7% |
4 Bedrooms | $540K | $592.5K | +9.7% |
5+ Bedrooms | $690K | $675K | -2.2% |
Summary: Rockaway Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Rockaway | $435K | $490.3K | +12.7% |
Rockaway Township | $435.2K | $490K | +12.6% |
Boonton Township | $600K | $666K | +11.0% |
Denville | $537K | $566.5K | +5.5% |
Denville Township | $533.7K | $560K | +4.9% |
Housing Supply in Rockaway Township, NJ
How many homes are available in Rockaway Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 99 | +16.5% |
Summary: The Rockaway Township real estate market had 99 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 22 | 25 | +13.6% |
3 Bedrooms | 26 | 36 | +38.5% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Rockaway Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Rockaway Township in April 2024, up by 43.8% month-over-month. Of the 23 sold homes, 9% were sold under asking, 13% were sold at asking, and 78% were sold over asking.
Days on Market for Rockaway Township, NJ
We’re sorry, we don't have information for this market at the moment