Is Fords, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fords has remained a Seller's Market.
Key Takeaway
Fords is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fords, NJ
How much do homes in Fords, NJ cost?
Median Sold Price
$440,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fords have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Fords was $440,000 in March 2024, up 3.5% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $296K | N/A |
| 2 Bedrooms | $325K | $353.5K | +8.8% |
| 3 Bedrooms | $425K | $435K | +2.4% |
| 4 Bedrooms | $450K | $512.5K | +13.9% |
| 5+ Bedrooms | $435K | $556K | +27.8% |
Summary: Fords housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Woodbridge | $360K | $430K | +19.4% |
| Woodbridge Township | $425K | $467K | +9.9% |
| Iselin | $420K | $452K | +7.6% |
| Fords | $425K | $440K | +3.5% |
Housing Supply in Fords, NJ
How many homes are available in Fords, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Summary: The Fords real estate market had 37 homes for sale in March 2024, a 23.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fords housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fords, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Fords in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Fords, NJ
How long does it take to sell a home in Fords, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 25 Days | -39.0% |
Summary: Homes in Fords had an average of 25 days on market in Mar 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fords are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Fords; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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