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Cedar Knolls Housing Market Report June 2025•Morris County, New Jersey

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Housing Prices in Cedar Knolls, NJ

How much do homes in Cedar Knolls, NJ cost?

Housing Market Conditions

Is Cedar Knolls, NJ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Cedar Knolls is a Seller's Market

Difference Since June 2024

Since last year, Cedar Knolls has remained a Seller's Market.

Insight

Cedar Knolls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$755,500–
+$205,500
+37.4%

Based on all homes sold in the last 12 months

Insight

Homes in Cedar Knolls have sold for 37.4% more than they did a year ago.

Summary: The median home sold price in Cedar Knolls was $755,500 in June 2025, up 37.4% from last year, and the median price per square foot was $0.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Cedar Knolls
+37.4%
Hanover Township
+15.8%
Parsippany-Troy Hills Township
+9.0%
Whippany
+6.8%
Morris Township
+1.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJun 2024Jun 2025Change YoY
1--
N/A
2$430K$455K
+5.8%
3$538.5K$530K
-1.6%
4$700K$845K
+20.7%
5$1.3M$1.1M
-17.3%

Summary: Cedar Knolls housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.8%. The home price for 3 bedroom homes decreased by -1.6%. The home price for 4 bedroom homes increased by +20.7%. The home price for 5 bedroom homes decreased by -17.3%.

How does Cedar Knolls, NJ compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Cedar Knolls, NJ

Housing supply in Cedar Knolls, NJ

How many homes are available in Cedar Knolls, NJ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
5Last MonthJun 2025
52 months agoMay 2025
0.0 %
Change MoMMay – Jun

Summary: The Cedar Knolls real estate market had 5 homes for sale in Jun 2025, the same as May 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthJun 2025
12 months agoMay 2025
+100.0 %
Change MoMMay – Jun

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
100
0.0%
201
+100.0%
311
0.0%
432
-33.3%
511
0.0%

Summary: Cedar Knolls housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Cedar Knolls, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Cedar Knolls, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Cedar Knolls in June 2025, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Cedar Knolls, NJ

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Cedar Knolls, NJ

What homes are available in Cedar Knolls, NJ?

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Nearby markets

Popular Cities with Homes for Sale in New Jersey

MLS Disclaimers and Copyright

Based on information from New Jersey MLS, for the period 07/01/2023 - 07/01/2025

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 9:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.