Is Woodbridge, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Woodbridge has remained a Seller's Market.
Housing Prices in Woodbridge, NJ
How much do homes in Woodbridge, NJ cost?
Median Sold Price
$425,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Woodbridge was $425,000 in February 2024, up 18.1% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $250K | +11.1% |
2 Bedrooms | $295K | $325K | +10.2% |
3 Bedrooms | $400K | $445K | +11.3% |
4 Bedrooms | $458K | $550K | +20.1% |
5+ Bedrooms | $537K | $595K | +10.8% |
Summary: Woodbridge housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
Woodbridge | $360K | $425K | +18.1% |
Perth Amboy | $335K | $380K | +13.4% |
Woodbridge Township | $425K | $460K | +8.2% |
Sewaren | $425K | $450K | +5.9% |
Fords | $425K | $431K | +1.4% |
Housing Supply in Woodbridge, NJ
How many homes are available in Woodbridge, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 50 | +2.0% |
Summary: The Woodbridge real estate market had 50 homes for sale in February 2024, a 2.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Woodbridge housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Woodbridge in February 2024, down by 25.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 8% were sold at asking, and 67% were sold over asking.
Days on Market for Woodbridge, NJ
How long does it take to sell a home in Woodbridge, NJ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 27 Days | -28.3% |
Summary: Homes in Woodbridge had an average of 27 days on market in Feb 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in Woodbridge; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.