$3,443 Closing Credit*
$289,900
4 Beds
•1 Full Bath, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is Washington Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Washington Township was a Seller's Market.
Key Takeaway
Washington Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Washington Township, NJ
How much do homes in Washington Township, NJ cost?
Median Sold Price
$400,625
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$38,625(+10.7%)
Key Takeaway
Homes in Washington Township have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Washington Township was $400,625 in September 2024, up 10.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $166K | -10.3% |
| 2 Bedrooms | $260K | $319.2K | +22.8% |
| 3 Bedrooms | $339K | $385K | +13.6% |
| 4 Bedrooms | $493K | $550K | +11.6% |
| 5+ Bedrooms | $490K | $422.5K | -13.8% |
Summary: Washington Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $362K | $400.6K | +10.7% |
| Township Of Washington | $597.5K | $637.5K | +6.7% |
Housing Supply in Washington Township, NJ
How many homes are available in Washington Township, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 66 | 67 | +1.5% |
Summary: The Washington Township real estate market had 67 homes for sale in September 2024, a 1.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 10 | -28.6% |
| 3 Bedrooms | 21 | 26 | +23.8% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Washington Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 23.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 11 | -47.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Washington Township in September 2024, down by 47.6% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Washington Township, NJ
We’re sorry, we don't have information for this market at the moment
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