Is Waterford Works, 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, Waterford Works has remained a Seller's Market.
Key Takeaway
Waterford Works is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterford Works, NJ
How much do homes in Waterford Works, NJ cost?
Median Sold Price
$315,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Waterford Works have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in Waterford Works was $315,000 in April 2024, up 20.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227K | $234K | +3.1% |
| 3 Bedrooms | $262K | $293K | +11.8% |
| 4 Bedrooms | $340K | $340K | 0.0% |
| 5+ Bedrooms | $230K | $637K | +177.0% |
Summary: Waterford Works housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 177%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $262K | $315K | +20.2% |
| Chesilhurst | $261K | $289K | +10.7% |
| Winslow Township | $290K | $309.9K | +6.9% |
| Atco | $286K | $300K | +4.9% |
| Waterford Township | $330K | $325K | -1.5% |
Housing Supply in Waterford Works, NJ
How many homes are available in Waterford Works, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Waterford Works real estate market had 13 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Waterford Works 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford Works, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Waterford Works in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Waterford Works, NJ
How long does it take to sell a home in Waterford Works, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 28 Days | -45.9% |
Summary: Homes in Waterford Works had an average of 28 days on market in Apr 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waterford Works are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Waterford Works; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
