Is Woodbridge Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Woodbridge Township has remained a Seller's Market.
Housing Prices in Woodbridge Township, NJ
How much do homes in Woodbridge Township, NJ cost?
Median Sold Price
$467,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Woodbridge Township was $467,000 in March 2024, up 9.9% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $216.5K | $240K | +10.9% |
2 Bedrooms | $315K | $333K | +5.7% |
3 Bedrooms | $425K | $465K | +9.4% |
4 Bedrooms | $473.3K | $531K | +12.2% |
5+ Bedrooms | $537K | $610K | +13.6% |
Summary: Woodbridge Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
Woodbridge | $360K | $430K | +19.4% |
Colonia | $485K | $555K | +14.4% |
Woodbridge Township | $425K | $467K | +9.9% |
Avenel | $403.5K | $440K | +9.0% |
Iselin | $420K | $452K | +7.6% |
Housing Supply in Woodbridge Township, NJ
How many homes are available in Woodbridge Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
226 | 238 | +5.3% |
Summary: The Woodbridge Township real estate market had 238 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 39 | 37 | -5.1% |
3 Bedrooms | 92 | 97 | +5.4% |
4 Bedrooms | 61 | 65 | +6.6% |
5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The Woodbridge Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 60 | +22.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Woodbridge Township in March 2024, up by 22.4% month-over-month. Of the 60 sold homes, 23% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Woodbridge Township, NJ
How long does it take to sell a home in Woodbridge Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 36 Days | -6.9% |
Summary: Homes in Woodbridge Township had an average of 36 days on market in Mar 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Woodbridge Township; 47% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.