Is the Nutley Real Estate Market Really On Fire? Maybe…Maybe Not…

I hear people in Nutley chatting a lot lately as to the value of their home in Nutley, want to know how the Nutley market is doing? well take a look below

Housing Market Trends – Sold vs. Listed in Nutley NJ

Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).

By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

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Housing Inventory Trends in Nutley

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The number of active listings in NUTLEY (07110) increased by 11.1% from the previous month.

The median number of days active properties have been listed is 42. This is significantly shorter than the national average.

The number of sales in March dropped by 55.6% from the previous month.

 

Property Ownership

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The percent of unoccupied properties is very low in NUTLEY (07110) . It is -11.24% below the national average.

The percent of rental properties in NUTLEY (07110) is 12.34% above the national average which is typical for urban areas.

 

Additional Statistics for Single Family Homes and Condos in NUTLEY, NJ

$425,380 -Median Listing Price

42 – Median Days on Market
154- Active Listings

1.3% – Distressed Listings
(foreclosures and short sales)

Find Out What Your Home May Be Worth in Nutley NJ Here

The Nutley Real Estate Market The Roche Campus and more..

What is going on with the Nutley Real Estate Market!

The Nutley Real Estate market is hot and homes are moving fast these days! the median price home in Nutley is 370k at the moment and the average days on the market are 59 days. To see more statistics go here.

The State of the Nutley Real Estate Market

Nutley’s Real Estate market is still pretty robust compared to some neighboring towns, I think in light of all the new developments Nutley as a town is going to change a bit, with the new Medical school going and and the new 600 unit apartment complex going up on Kingsland St. we are going to see a little bit more congestion as well as more demand for property in town.

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