Is Woodland Park, 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, Woodland Park has remained a Seller's Market.
Key Takeaway
Woodland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodland Park, NJ
How much do homes in Woodland Park, NJ cost?
Median Sold Price
$517,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Woodland Park have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Woodland Park was $517,500 in March 2024, up 1.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $531K | $528.5K | -0.5% |
| 3 Bedrooms | $488K | $474K | -2.9% |
| 4 Bedrooms | $500K | $550K | +10.0% |
| 5+ Bedrooms | $634.9K | $602K | -5.2% |
Summary: Woodland Park 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 decreased by 0.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Little Falls Township | $449.1K | $521K | +16.0% |
| Clifton | $465K | $515.1K | +10.8% |
| Little Falls | $480K | $522K | +8.8% |
| Totowa | $534.9K | $547.5K | +2.4% |
| Woodland Park | $510K | $517.5K | +1.5% |
Housing Supply in Woodland Park, NJ
How many homes are available in Woodland Park, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 37 | +60.9% |
Summary: The Woodland Park real estate market had 37 homes for sale in March 2024, a 60.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 19 | +72.7% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Woodland Park 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 72.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodland Park, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Woodland Park in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Woodland Park, NJ
We’re sorry, we don't have information for this market at the moment
