$869,000
33 Homewood Ave
Allendale, NJ
3 bd2 ba
House14,810 sqft lot
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Sarah Mitchell
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Compass Real Estate · Allendale, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Allendale, NJ(512) 555-0184TX License #0512847
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5.0 · 47 reviews
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Allendale, NJ Housing Market & Real Estate
Strong seller's market-7.2% YoY
Housing market overview · Updated monthly ·
$708,000median sale price
How is the Allendale, NJ housing market right now?
The median home sale price in Allendale, NJ is $708,000, down 7.2% year-over-year. Homes sell in an average of 44 days with 13 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Allendale a buyer's or seller's market?
Strong seller's market2.6 months of supply44 avg. days on market
Allendale, NJ is currently a strong seller's market, based on 2.6 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
44
Average pace
Active listings
13
2.6 months supply
Sale-to-list
104.0%
Above asking
What does the Allendale housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $708,000 |
| Median list price | $936,500 |
| Year-over-year price change | -7.2% |
| Average days on market | 44 days |
| Active inventory | 13 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 104.0% |
| Median price per sq ft | $476/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 6 |
| Listings with a price cut | 15.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Allendale by property type?
How the Allendale, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $790,000 | $476/sq ft | 3 | 36 days |
| Condo / Co-op | $540,000 | $540/sq ft | 1 | 44 days |
| Townhouse | $598,888 | $457/sq ft | 1 | 90 days |
Source: Redfin · Updated monthly
The Allendale housing market is currently classified as a strong seller's market with a median sale price of $708,000. Prices have fallen 7.2% compared to last year, with homes spending an average of 44 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.2x provides context for how home values compare to local earning capacity.
Homes for sale in Allendale
There are currently 13 homes listed for sale in Allendale, New Jersey. The median listing price is $937K. Featured listings range from $869,000 to $949,000.
$900,000
77 Myrtle Ave
Allendale, NJ
2 bd2 ba
Multi-family
View photos & details
$949,000
6 Cottage Pl
Allendale, NJ
3 bd1 ba
House
View photos & details
$949,000
151 Donny Brook Dr
Allendale, NJ
4 bd4 ba
House41,382 sqft lot
View photos & details
Looking to buy in Allendale?
Get connected with a local real estate expert — free, no obligation.
Active listings
13
Homes on market
Median list price
$937K
Avg. days on market
44
Days until sale
New this week
6
Newly listed
Price drops:15.4%of listings
Sale-to-list:104.0%
Who lives in Allendale?
Population
6,820
Median income
$156,992/yr
Median age
45.7 years
Owner-occupied
77.4%
College grads
72.0%
Avg commute
38.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Allendale?
Zillow home value
$1.13M
Zillow rent index
$3,904/mo
Price-to-rent ratio
24.0x
Price-to-income
7.2x
Source: Zillow Research
What is it like to live in Allendale?
Allendale is a community of approximately 7K residents with a median age of 45.7 years.The median household income is $156,992, which reflects a relatively affluent area with strong earning potential. 72.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 77.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Allendale offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Allendale?
3 schools tracked · 2,158 students
The largest public schools serving Allendale, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Northern Highlands Regional High School
Grades 9-12 · 1,261 students
Brookside School
Grades 4-8 · 525 students
Hillside Elementary School
Grades PK-3 · 372 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Allendale, NJ?
Want a head-to-head view? Compare Allendale side-by-side with any other U.S. city using our market-comparison tool.
Is Allendale a good real estate investment market?
For investors evaluating Allendale, the price-to-rent ratio of 24.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Allendale's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Allendale's median home price.
Frequently asked questions
What is the average home price in Allendale?
The median home sale price in Allendale is $708,000, down 7.2% from last year.
How long do homes stay on market in Allendale?
Homes typically spend 44 days on market before going under contract.
What is the median income in Allendale?
The median household income is $156,992 per year.
Is Allendale a buyer's or seller's market?
With 2.6 months of supply, Allendale is currently a strong seller's market.
How many homes are for sale in Allendale?
There are currently 13 homes listed for sale in Allendale, NJ.
What is the Zillow home value estimate for Allendale?
The Zillow Home Value Index (ZHVI) for Allendale is $1.13M, representing the typical home value in the area.
What is the median condo price in Allendale?
The median condo/co-op sale price in Allendale, NJ is $540,000, compared to $790,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Allendale?
The median single-family home price in Allendale, NJ is $790,000 (about $476 per square foot).
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