Is Vernon, NJ 07462 a buyer’s or seller’s market?

The Vernon housing market right now

In the three months ending August 31, 2026, 30% of homes in Vernon, NJ 07462 sold above their list price, the typical home went under contract in 43 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 55 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (31% then), homes sold more slowly (35 days then) and the median sale price rose 7% to $254,890. Overall, Vernon is less competitive than a year ago, which gives buyers more room.

Within Sussex County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 94%. On our competition score, Vernon ranks #389 of 444 NJ ZIP codes with enough sales (score 54 out of 100).

Nearby, buyers who want less competition could look at Augusta 07822 (0% sold over asking), while Andover 07821 (71% sold over asking) and Stanhope 07874 (69% sold over asking) are even more competitive.