Is Washington Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, NJ
How much do homes in Washington Township, NJ cost?
Median Sold Price
$385,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington Township was $385,000 in April 2024, up 6.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $92K | -50.3% |
2 Bedrooms | $250K | $315K | +26.0% |
3 Bedrooms | $315K | $360K | +14.3% |
4 Bedrooms | $505K | $520.3K | +3.0% |
5+ Bedrooms | $472.5K | $435K | -7.9% |
Summary: Washington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.3%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
Ho-Ho-Kus | $999.9K | $1.2M | +27.8% |
Washington Township | $360K | $385K | +6.9% |
Housing Supply in Washington Township, NJ
How many homes are available in Washington Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 83 | +36.1% |
Summary: The Washington Township real estate market had 83 homes for sale in April 2024, a 36.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 21 | 33 | +57.1% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Washington Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Washington Township in April 2024, up by 150.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Washington Township, NJ
How long does it take to sell a home in Washington Township, NJ?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Washington Township; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.