Is Waterford Township, 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, Waterford Township has remained a Seller's Market.
Key Takeaway
Waterford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterford Township, NJ
How much do homes in Waterford Township, NJ cost?
Median Sold Price
$325,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Waterford Township have sold for 4% more than they did a year ago.
Summary: The median home sold price in Waterford Township was $325,000 in March 2024, up 4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205.5K | $217.5K | +5.8% |
| 3 Bedrooms | $290K | $320K | +10.3% |
| 4 Bedrooms | $385K | $390K | +1.3% |
| 5+ Bedrooms | $288.5K | $505K | +75.0% |
Summary: Waterford Township 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 5.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 75%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $260K | $315K | +21.2% |
| Atco | $285.5K | $300K | +5.1% |
| Waterford Township | $312.5K | $325K | +4.0% |
| Shamong Township | $540.4K | $549.9K | +1.7% |
Housing Supply in Waterford Township, NJ
How many homes are available in Waterford Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 51 | -5.6% |
Summary: The Waterford Township real estate market had 51 homes for sale in March 2024, a 5.6% decrease 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 | 21 | 21 | 0.0% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Waterford Township 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Waterford Township in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Waterford Township, NJ
How long does it take to sell a home in Waterford Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 79 Days | +108.8% |
Summary: Homes in Waterford Township had an average of 79 days on market in Mar 2024, up by 108.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waterford Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Waterford Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.