Is Williamstown, 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, Williamstown was a Seller's Market.
Housing Prices in Williamstown, NJ
How much do homes in Williamstown, NJ cost?
Median Sold Price
$315,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Williamstown was $315,000 in May 2024, up 9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84K | $100K | +19.0% |
2 Bedrooms | $256K | $280K | +9.4% |
3 Bedrooms | $265K | $290.4K | +9.6% |
4 Bedrooms | $395K | $375K | -5.1% |
5+ Bedrooms | $545K | $550K | +0.9% |
Summary: Williamstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $280K | $332K | +18.6% |
Monroe Township | $292.8K | $320K | +9.3% |
Williamstown | $288.9K | $315K | +9.0% |
Winslow Township | $290K | $309.9K | +6.9% |
Franklinville | $318.5K | $311K | -2.4% |
Housing Supply in Williamstown, NJ
How many homes are available in Williamstown, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
156 | 147 | -5.8% |
Summary: The Williamstown real estate market had 147 homes for sale in May 2024, a 5.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 23 | -17.9% |
3 Bedrooms | 69 | 63 | -8.7% |
4 Bedrooms | 48 | 53 | +10.4% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Williamstown 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 decreased by 17.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 24 | -29.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Williamstown in May 2024, down by 29.4% month-over-month. Of the 24 sold homes, 21% were sold under asking, 8% were sold at asking, and 71% were sold over asking.
Days on Market for Williamstown, NJ
How long does it take to sell a home in Williamstown, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +12.2% |
Summary: Homes in Williamstown had an average of 29 days on market in May 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Williamstown; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.