Is Washington, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Washington has remained a Seller's Market.
Housing Prices in Washington, NJ
How much do homes in Washington, NJ cost?
Median Sold Price
$375,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington was $375,000 in April 2024, up 11.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $92K | -50.3% |
2 Bedrooms | $250K | $312.5K | +25.0% |
3 Bedrooms | $305K | $347.5K | +13.9% |
4 Bedrooms | $490K | $500K | +2.0% |
5+ Bedrooms | $362K | $435K | +20.2% |
Summary: Washington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
Washington | $335K | $375K | +11.9% |
Washington Township | $336.2K | $375K | +11.5% |
Housing Supply in Washington, NJ
How many homes are available in Washington, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 76 | +28.8% |
Summary: The Washington real estate market had 76 homes for sale in April 2024, a 28.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 21 | 30 | +42.9% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Washington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Washington in April 2024, up by 150.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Washington, NJ
How long does it take to sell a home in Washington, NJ?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Washington; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.