Is West Milford 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, West Milford Township has remained a Seller's Market.
Housing Prices in West Milford Township, NJ
How much do homes in West Milford Township, NJ cost?
Median Sold Price
$407,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Milford Township was $407,000 in April 2024, up 13.4% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $236.5K | +21.3% |
2 Bedrooms | $280K | $318.5K | +13.8% |
3 Bedrooms | $410K | $425K | +3.7% |
4 Bedrooms | $505K | $558.9K | +10.7% |
5+ Bedrooms | $615K | $649K | +5.5% |
Summary: West Milford Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
West Milford | $335K | $398.9K | +19.1% |
West Milford Township | $358.8K | $407K | +13.4% |
Jefferson Township | $425K | $427.4K | +0.6% |
Kinnelon | $719.9K | $700.3K | -2.7% |
Housing Supply in West Milford Township, NJ
How many homes are available in West Milford Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 125 | +28.9% |
Summary: The West Milford Township real estate market had 125 homes for sale in April 2024, a 28.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 32 | 40 | +25.0% |
3 Bedrooms | 36 | 55 | +52.8% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The West Milford Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 52.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in West Milford Township in April 2024, up by 22.2% month-over-month. Of the 22 sold homes, 32% were sold under asking, 5% were sold at asking, and 64% were sold over asking.
Days on Market for West Milford Township, NJ
We’re sorry, we don't have information for this market at the moment