Comprehensive market data and analysis
We're showing New Jersey County statistics below to give you a broader market picture. As more transactions occur in East Hanover Township, New Jersey, we'll update with specific local data.
View nearby areas with more activity:
8.3 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for East Hanover Township, New Jersey | ||||||
The median price for land in the New Jersey area is currently $728K per acre. For a typical parcel, the median sale price is $342K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $22K while premium lots reached $1.1M.
the New Jersey area is currently a balanced market with 8.3 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 32.4% year-over-year.
the New Jersey area currently has 8.3 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in the New Jersey area averages $6.2M per acre. The median price per acre is $728K, which may be more representative of typical transactions. Most parcels sold are around 11,221 sq ft.
There are currently 1,774 active listings in the New Jersey area. 611 new listings have hit the market in the last 90 days. The median asking price is $246K.
Land in the New Jersey area typically sells within 121 days of listing. The median time on market is 68 days. Properties are moving slowly in the current balanced market.
The current absorption rate in the New Jersey area is 12.0% (3-month basis), indicating moderate demand. With depreciating values (-32.4% YoY), buyers may find value opportunities. The top-performing broker in this market is Coldwell Banker Realty.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in East Hanover Township on LandyDandy.
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