Is West Caldwell 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, West Caldwell Township has remained a Seller's Market.
Key Takeaway
West Caldwell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Caldwell Township, NJ
How much do homes in West Caldwell Township, NJ cost?
Median Sold Price
$652,500
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Caldwell Township have sold for 7.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415K | $450K | +8.4% |
| 3 Bedrooms | $580K | $600K | +3.4% |
| 4 Bedrooms | $673K | $789.5K | +17.3% |
| 5+ Bedrooms | $810K | $845K | +4.3% |
Summary: West Caldwell Township 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 8.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Essex Fells | $865K | $1.4M | +61.8% |
| Roseland | $627K | $712.5K | +13.6% |
| West Caldwell Township | $605K | $652.5K | +7.9% |
| North Caldwell | $912.5K | $860K | -5.8% |
| Caldwell | $725K | $650K | -10.3% |
Housing Supply in West Caldwell Township, NJ
How many homes are available in West Caldwell Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The West Caldwell Township real estate market had 32 homes for sale in April 2024, a 10.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The West Caldwell 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 remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Caldwell Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in West Caldwell Township in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for West Caldwell Township, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.