Is West Ward, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, West Ward has remained a Buyer's Market.
Key Takeaway
West Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Ward, NJ
How much do homes in West Ward, NJ cost?
Median Sold Price
$374,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in West Ward have sold for 9.9% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $360K | +50.0% |
| 3 Bedrooms | $415K | $251K | -39.5% |
| 4 Bedrooms | - | $387.5K | N/A |
| 5+ Bedrooms | $575K | $550K | -4.3% |
Summary: West Ward housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 39.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in West Ward, NJ
How many homes are available in West Ward, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 176 | 225 | +27.8% |
Summary: The West Ward real estate market had 225 homes for sale in March 2024, a 27.8% increase 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 23 | 35 | +52.2% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 117 | 151 | +29.1% |
Summary: The West Ward 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 14.3%, 3 bedroom homes increased by 52.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 29.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Ward, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in West Ward in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for West Ward, NJ
We’re sorry, we don't have information for this market at the moment
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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.