Is Wanaque, 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, Wanaque has remained a Seller's Market.
Key Takeaway
Wanaque is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wanaque, NJ
How much do homes in Wanaque, NJ cost?
Median Sold Price
$450,511
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wanaque have sold for 7.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $259.9K | N/A |
| 2 Bedrooms | $408K | $440K | +7.8% |
| 3 Bedrooms | $410K | $460K | +12.2% |
| 4 Bedrooms | $503.7K | $512.5K | +1.7% |
| 5+ Bedrooms | $540K | $607.5K | +12.5% |
Summary: Wanaque housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Bloomingdale | $417.4K | $480K | +15.0% |
| Haskell | $390K | $437.5K | +12.2% |
| Ringwood | $460K | $511K | +11.1% |
| Wanaque | $420K | $450.5K | +7.3% |
| Oakland | $620K | $617.5K | -0.4% |
Housing Supply in Wanaque, NJ
How many homes are available in Wanaque, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 56 | +14.3% |
Summary: The Wanaque real estate market had 56 homes for sale in May 2024, a 14.3% 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 | 26 | 26 | 0.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wanaque 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 remained the same, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wanaque, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Wanaque in May 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for Wanaque, NJ
We’re sorry, we don't have information for this market at the moment
