Is Weequahic, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Weequahic was a Seller's Market.
Key Takeaway
Weequahic is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Weequahic, NJ
How much do homes in Weequahic, NJ cost?
Median Sold Price
$397,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Weequahic have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Weequahic was $397,000 in April 2024, up 13.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $155K | +17.0% |
| 2 Bedrooms | $295K | $218K | -26.1% |
| 3 Bedrooms | $340K | $365.6K | +7.5% |
| 4 Bedrooms | $410K | $470K | +14.6% |
| 5+ Bedrooms | $470K | $435K | -7.4% |
Summary: Weequahic housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes decreased by 26.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in Weequahic, NJ
How many homes are available in Weequahic, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 106 | +32.5% |
Summary: The Weequahic real estate market had 106 homes for sale in April 2024, a 32.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 9 | 18 | +100.0% |
| 5+ Bedrooms | 55 | 69 | +25.5% |
Summary: The Weequahic housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
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 Weequahic, 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 Weequahic in April 2024, down by 20.0% 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 Weequahic, NJ
How long does it take to sell a home in Weequahic, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Weequahic has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Weequahic; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.