Is Washington Township, 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 Township has remained a Seller's Market.
Housing Prices in Washington Township, NJ
How much do homes in Washington Township, NJ cost?
Median Sold Price
$513,249
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington Township was $513,249 in April 2024, up 7.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $571K | +208.6% |
2 Bedrooms | $264K | $317.2K | +20.2% |
3 Bedrooms | $353K | $388.5K | +10.1% |
4 Bedrooms | $597.5K | $650K | +8.8% |
5+ Bedrooms | $670.5K | $810K | +20.8% |
Summary: Washington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 208.6%, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
Chester Township | $750K | $975K | +30.0% |
Long Valley | $620K | $718K | +15.8% |
Mansfield Township | $339.9K | $390K | +14.7% |
Washington Township | $477K | $513.2K | +7.6% |
Housing Supply in Washington Township, NJ
How many homes are available in Washington Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 129 | +25.2% |
Summary: The Washington Township real estate market had 129 homes for sale in April 2024, a 25.2% 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 | 14 | 17 | +21.4% |
3 Bedrooms | 32 | 41 | +28.1% |
4 Bedrooms | 46 | 59 | +28.3% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Washington Township 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 21.4%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Washington Township in April 2024, up by 56.3% month-over-month. Of the 25 sold homes, 12% were sold under asking, 12% were sold at asking, and 76% were sold over asking.
Days on Market for Washington Township, NJ
How long does it take to sell a home in Washington Township, 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, 25 homes were sold in Washington Township; 8% 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.