Is Waterford Works, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Waterford Works was a Seller's Market.
Key Takeaway
Waterford Works is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Waterford Works, NJ
How much do homes in Waterford Works, NJ cost?
Median Sold Price
$330,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waterford Works have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Waterford Works was $330,000 in May 2024, up 19.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227K | $234K | +3.1% |
| 3 Bedrooms | $265K | $293K | +10.6% |
| 4 Bedrooms | $320K | $350K | +9.4% |
| 5+ Bedrooms | $230K | $637K | +177.0% |
Summary: Waterford Works housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 177%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $276K | $330K | +19.6% |
| Atco | $286K | $320K | +11.9% |
| Winslow Township | $290K | $309.9K | +6.9% |
| Waterford Township | $330K | $327.5K | -0.8% |
Housing Supply in Waterford Works, NJ
How many homes are available in Waterford Works, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Waterford Works real estate market had 11 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Waterford Works housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford Works, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Waterford Works in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Waterford Works, NJ
How long does it take to sell a home in Waterford Works, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 41 Days | -0.4% |
Summary: Homes in Waterford Works had an average of 41 days on market in May 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Waterford Works has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Waterford Works; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
