Is Washington, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Washington was a Seller's Market.
Housing Prices in Washington, NJ
How much do homes in Washington, NJ cost?
Median Sold Price
$365,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Washington was $365,000 in March 2024, up 9.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $92K | -50.3% |
2 Bedrooms | $248.5K | $285K | +14.7% |
3 Bedrooms | $305K | $335.5K | +10.0% |
4 Bedrooms | $490K | $486K | -0.8% |
5+ Bedrooms | $385K | $435K | +13.0% |
Summary: Washington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.3%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Washington | $332K | $365K | +9.9% |
Washington Township | $335K | $367.3K | +9.6% |
Housing Supply in Washington, NJ
How many homes are available in Washington, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 61 | +17.3% |
Summary: The Washington real estate market had 61 homes for sale in March 2024, a 17.3% 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 | 8 | 15 | +87.5% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Washington 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 increased by 87.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Washington in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Washington, NJ
How long does it take to sell a home in Washington, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Washington; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.