Is Woolwich Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woolwich Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Woolwich Township has remained a Seller's Market.

Key Takeaway

Woolwich Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Woolwich Township, NJ

How much do homes in Woolwich Township, NJ cost?

Median Sold Price

$510,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$60,000(+13.3%)

Key Takeaway

Homes in Woolwich Township have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Woolwich Township was $510,000 in September 2024, up 13.3% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $350K$335K
-4.3%
3 $385K$406K
+5.5%
4 $547.5K$574.9K
+5.0%
5+ $630K$654K
+3.8%

Summary: Woolwich Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Cities

Logan Township
+17.9%
Woolwich Township
+13.3%
Swedesboro
+10.0%
Oldmans Township
+2.7%
Pedricktown
+2.7%

Housing Supply in Woolwich Township, NJ

How many homes are available in Woolwich Township, NJ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5044-12.0%

Summary: The Woolwich Township real estate market had 44 homes for sale in September 2024, a 12.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1520
+33.3%
4 2816
-42.9%
5+ 22
0.0%

Summary: The Woolwich Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
228-63.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woolwich Township, 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 Woolwich Township in September 2024, down by 63.6% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.

Days on Market for Woolwich Township, NJ

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

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days19 Days+10.0%

Summary: Homes in Woolwich Township had an average of 19 days on market in Sep 2024, up by 10% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Woolwich Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

Newest Listings in Woolwich Township, NJ

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