Is Westville, 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, Westville was a Neutral Market.
Key Takeaway
Westville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westville, NJ
How much do homes in Westville, NJ cost?
Median Sold Price
$243,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Westville have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Westville was $243,000 in March 2024, up 21.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | $100K | +8.7% |
| 2 Bedrooms | $172.5K | $205K | +18.8% |
| 3 Bedrooms | $225K | $243K | +8.0% |
| 4 Bedrooms | $237K | $297.5K | +25.5% |
| 5+ Bedrooms | - | $1.6M | N/A |
Summary: Westville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Westville | $200K | $243K | +21.5% |
| Brooklawn | $175K | $205K | +17.1% |
| Gloucester City | $181.7K | $200K | +10.0% |
| West Deptford Township | $275K | $301K | +9.5% |
| Bellmawr | $255K | $275.9K | +8.2% |
Housing Supply in Westville, NJ
How many homes are available in Westville, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Summary: The Westville real estate market had 47 homes for sale in March 2024, a 27.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Westville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westville, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Westville in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Westville, NJ
How long does it take to sell a home in Westville, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 41 Days | +298.6% |
Summary: Homes in Westville had an average of 41 days on market in Mar 2024, up by 298.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Westville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
