Is Washington Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Washington Township has remained a Buyer's Market.

Key Takeaway

Washington Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Washington Township, NJ cost?

Median Sold Price

$602,700

-

Based on all homes sold in January 2023.

Difference Since Last Month

-$37,300(-5.8%)

Key Takeaway

Homes in Washington Township have sold for 5.8% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 $190K$295K
+55.3%
3 --
N/A
4 $640K$602.7K
-5.8%
5+ $790K$757K
-4.2%

Median Sold Price Compared To Nearby Cities

Chester Township
+7.4%
Port Murray
+0.8%
Long Valley
-3.6%
Washington Township
-5.8%
Mansfield Township
-11.2%

How many homes are available in Washington Township, NJ?

Number of Homes For Sale

Dec 2022Jan 2023%
3638+5.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 43
-25.0%
3 47
+75.0%
4 2121
0.0%
5+ 66
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Washington Township, NJ

Homes for sale in Washington Township, NJ have reached 38. Between December 2022 and January 2023, Washington Township, NJ real estate market has seen increase in the number of listings by 5.6%. Real estate listing prices changed between January 2022 and January 2023: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 55.3%, prices of 3 bedrooms properties went up by 0%, 4 bedrooms properties prices decreased by 5.8%, prices of 5 bedrooms properties decreased by 4.2%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 25%, number of 3 bedrooms homes increased by 75%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes have not changed. Over 2 listings were sold over their listed price in January 2023 in Washington Township, NJ. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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