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FOCUS ON: CLIFTON HOUSING MARKET |
AUGUST 2025 |
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Zip Code(s): 20124 |
Units Sold
17 |
Active Inventory
20 |
Median Sale Price
$962,500 |
Days On Market
21 |
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Up
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 25%
Vs. Year Ago |
Up 40%
Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in August, with 17 sold this month in Clifton Real Estate. This month's total units sold was higher than at this time last year, an increase from August 2024.
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Active Inventory
The total number of homes available this month is 20 units, which is similar compared to a year ago. This month's total of 20 is lower than the previous month's total supply of available inventory of 28, a decrease of 29%.
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Median Sale Price
Last August, the median sale price for Clifton Homes was $772,500. This August, the median sale price was $962,500, an increase of 25% or $190,000 compared to last year. The current median sold price is 2% higher than in July.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
7 |
Current Contracts
10 |
Sold Vs. List Price
99.7% |
Months of Supply
1.2 |
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Down -36%
Vs. Year Ago |
Up 11%
Vs. Year Ago |
Down -2.1%
Vs. Year Ago |
Down -29%
Vs. Year Ago |
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Months of Supply
In August, there was 1.2 months of supply available in Clifton, compared to 1.7 in August 2024. That is a decrease of 29% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 7 homes newly listed for sale in Clifton compared to 11 in August 2024, a decrease of 36%. There were 10 current contracts pending sale this August compared to 9 a year ago. The number of current contracts is 11% higher than last August.
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Sale Price to List Price Ratio
In August, the average sale price in Clifton was 99.7% of the average list price, which is 2.1% lower than at this time last year.
Days on Market
This month, the average number of days on market was 21, higher than the average last year, which was 15, an increase of 40%.
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Clifton are defined as properties listed in zip code/s 20124. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |