Is Williamstown, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Williamstown is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Williamstown was a Seller's Market.

Key Takeaway

Williamstown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Williamstown, NJ

How much do homes in Williamstown, NJ cost?

Median Sold Price

$301,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$16,000(+5.6%)

Key Takeaway

Homes in Williamstown have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Williamstown was $301,000 in March 2024, up 5.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $84K$100K
+19.0%
2 $225K$258.3K
+14.8%
3 $265K$285K
+7.5%
4 $388K$378.5K
-2.4%
5+ $545K$500K
-8.3%

Summary: Williamstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Cities

Franklin Township
+12.1%
Monroe Township
+9.1%
Winslow Township
+8.1%
Williamstown
+5.6%
Franklinville
-4.4%

Housing Supply in Williamstown, NJ

How many homes are available in Williamstown, NJ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
190204+7.4%

Summary: The Williamstown real estate market had 204 homes for sale in March 2024, a 7.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 2831
+10.7%
3 10196
-5.0%
4 5262
+19.2%
5+ 713
+85.7%

Summary: The Williamstown 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 increased by 10.7%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 85.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3127-12.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Williamstown, you could pay more than the asking price. 37% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Williamstown in March 2024, down by 12.9% month-over-month. Of the 27 sold homes, 30% were sold under asking, 33% were sold at asking, and 37% were sold over asking.

Days on Market for Williamstown, NJ

How long does it take to sell a home in Williamstown, NJ?

Average Sale Time

Mar 2023Mar 2024CHANGE
30 Days26 Days-15.3%

Summary: Homes in Williamstown had an average of 26 days on market in Mar 2024, down by 15.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Williamstown are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 27 homes were sold in Williamstown; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Williamstown, NJ

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