Is Woodland Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Woodland Park was a Seller's Market.
Key Takeaway
Woodland Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Woodland Park, NJ
How much do homes in Woodland Park, NJ cost?
Median Sold Price
$517,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woodland Park have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Woodland Park was $517,500 in April 2024, up 1.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $529K | $565K | +6.8% |
| 3 Bedrooms | $496K | $465K | -6.3% |
| 4 Bedrooms | $497.5K | $575K | +15.6% |
| 5+ Bedrooms | $634.9K | $602K | -5.2% |
Summary: Woodland Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Little Falls Township | $450K | $522K | +16.0% |
| Clifton | $466K | $522.6K | +12.2% |
| Little Falls | $480K | $522K | +8.8% |
| Woodland Park | $510K | $517.5K | +1.5% |
| Totowa | $535K | $542.5K | +1.4% |
Housing Supply in Woodland Park, NJ
How many homes are available in Woodland Park, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Summary: The Woodland Park real estate market had 34 homes for sale in April 2024, a 6.3% 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 | 17 | 15 | -11.8% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Woodland Park 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 decreased by 11.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodland Park, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Woodland Park in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Woodland Park, NJ
We’re sorry, we don't have information for this market at the moment
