Is 2nd Ward, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 2nd Ward was a Seller's Market.
Key Takeaway
2nd Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 2nd Ward, NJ
How much do homes in 2nd Ward, NJ cost?
Median Sold Price
$373,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 2nd Ward have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 2nd Ward was $373,500 in April 2024, up 5.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $160K | +23.1% |
| 2 Bedrooms | $297.5K | $327.8K | +10.2% |
| 3 Bedrooms | $365K | $417.5K | +14.4% |
| 4 Bedrooms | $440K | $455K | +3.4% |
| 5+ Bedrooms | $457.4K | $528.6K | +15.6% |
Summary: 2nd Ward housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Hillcrest | $405K | $440.3K | +8.7% |
| 2nd Ward | $355K | $373.5K | +5.2% |
Housing Supply in 2nd Ward, NJ
How many homes are available in 2nd Ward, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 54 | +14.9% |
Summary: The 2nd Ward real estate market had 54 homes for sale in April 2024, a 14.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 2nd Ward housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 2nd Ward, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 2nd Ward in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 2nd Ward, NJ
We’re sorry, we don't have information for this market at the moment
