Is West Windsor Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, West Windsor Township was a Seller's Market.
Key Takeaway
West Windsor Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Windsor Township, NJ
How much do homes in West Windsor Township, NJ cost?
Median Sold Price
$800,500
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Windsor Township have sold for 4% more than they did a year ago.
Summary: The median home sold price in West Windsor Township was $800,500 in March 2024, up 4% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | $465K | +29.2% |
| 3 Bedrooms | $610K | $654K | +7.2% |
| 4 Bedrooms | $903K | $960K | +6.3% |
| 5+ Bedrooms | $985K | $1.1M | +11.7% |
Summary: West Windsor 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 29.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Plainsboro Township | $530K | $565K | +6.6% |
| Plainsboro | $555K | $580K | +4.5% |
| West Windsor Township | $770K | $800.5K | +4.0% |
| Princeton Junction | $868K | $883K | +1.7% |
| Cranbury | $629K | $610K | -3.0% |
Housing Supply in West Windsor Township, NJ
How many homes are available in West Windsor Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 61 | +7.0% |
Summary: The West Windsor Township real estate market had 61 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The West Windsor 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 9.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Windsor Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in West Windsor Township in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for West Windsor Township, NJ
How long does it take to sell a home in West Windsor Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 11 Days | -66.1% |
Summary: Homes in West Windsor Township had an average of 11 days on market in Mar 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Windsor Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in West Windsor Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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