Vernon Center, NJ

Buyer's market+11.1% YoY

Housing market overview · Updated weekly

$220,000median sale price

Homes sold

5

Last 12 weeks

Days on market

92

Average pace

Active listings

38

7.6 months supply

Sale-to-list

93.5%

Below asking

The Vernon Center housing market is currently classified as a buyer's market with a median sale price of $220,000. Prices have risen 11.1% compared to last year, with homes spending an average of 92 days on market, indicating 7.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Vernon Center

There are currently 38 homes listed for sale in Vernon Center, New Jersey. The median listing price is $242K.

Active listings

38

Homes on market

Median list price

$242K

Avg. days on market

92

Days until sale

New this week

8

Newly listed

Price drops:5.3%of listings
Sale-to-list:93.5%

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Frequently asked questions

What is the average home price in Vernon Center?

The median home sale price in Vernon Center is $220,000, up 11.1% from last year.

How long do homes stay on market in Vernon Center?

Homes typically spend 92 days on market before going under contract.

Is Vernon Center a buyer's or seller's market?

With 7.6 months of supply, Vernon Center is currently a buyer's market.

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