How do additional bathrooms or bedrooms affect market value in Clark?

By
Real Estate Agent with Remax First Realty II 0790808

 

 

 

How do additional bathrooms or bedrooms affect market value in Clark?

 

In all, 108 homes were sold in Clark from January 1-June 30, 2012. The details of these sales were analyzed to determine how the number of bathrooms and the number of bedrooms affected sales price.


The most obvious statistic is that the more bedrooms a home has, the higher the sales price. 2 bedroom homes sold for 50% more than 1 bedroom homes, and 3 bedroom homes sold for 18% more than 2 bedroom homes. Above 3 bedrooms, however, the sales price increased by about 22% for each additional bedroom. 



More than 50% of the homes sold in Clark are 3 bedroom homes, and about 25% are 4 bedroom homes.

 

 

 

 

Increasing the number of bathrooms in a home improves sales price also, but not nearly as much as increasing the number of bedrooms. 

Let’s use 3 bedrooms as our model since 3 bedroom homes in Clark are the most common homes. 

Increasing the number of baths in a Clark 3 bedroom home from 1 to 1 ½ increased sales price by 25%, but increasing from 1 ½  bath to 2 baths increased the value by only about 7%. Likewise, the jump from 2 baths to 2 ½ baths increased sale price by about 21%, but from 2 baths to 3 baths only increased sale price by about 27%.

 

If you have a home in Clark, find out how much it’s worth in today’s market! Call Team Zuhl at 908-917-4189.


More Information:

Clark Market Report - August 2011 to August 2012

Free Market Analysis of Clark, NJ 

108 Homes Sold in Clark, NJ, so far in 2012! 

Sunday's Open Houses in Clark, NJ 

It's time to buy in Clark! 

Clark, NJ, Market Study 


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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

Comments (2)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Wayne and Jean Marie,

Interesting comparisons on homes in Clark concerning bedrooms and baths affecting market value! 

Oct 16, 2012 09:00 PM
Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Good Morning:   How true this is!!,  keep up the good work and good luck with your business,  E

Oct 16, 2012 09:38 PM