Is Woodland Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Woodland Park was a Seller's Market.
Housing Prices in Woodland Park, NJ
How much do homes in Woodland Park, NJ cost?
Median Sold Price
$520,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Woodland Park was $520,000 in May 2024, up 3.6% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $521K | $590K | +13.2% |
3 Bedrooms | $500K | $465K | -7.0% |
4 Bedrooms | $480K | $565K | +17.7% |
5+ Bedrooms | $634.9K | $602K | -5.2% |
Summary: Woodland Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Clifton | $470K | $525.2K | +11.8% |
Little Falls Township | $470K | $516K | +9.8% |
Totowa | $520K | $567.5K | +9.1% |
Little Falls | $485K | $518.5K | +6.9% |
Woodland Park | $502K | $520K | +3.6% |
Housing Supply in Woodland Park, NJ
How many homes are available in Woodland Park, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 36 | +33.3% |
Summary: The Woodland Park real estate market had 36 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Woodland Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Woodland Park in May 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Woodland Park, NJ
We’re sorry, we don't have information for this market at the moment