Is Waterford Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Waterford Township has remained a Seller's Market.
Key Takeaway
Waterford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterford Township, NJ
How much do homes in Waterford Township, NJ cost?
Median Sold Price
$327,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waterford Township have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Waterford Township was $327,500 in May 2024, down 0.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $220K | +2.3% |
| 3 Bedrooms | $295K | $300K | +1.7% |
| 4 Bedrooms | $400K | $380K | -5.0% |
| 5+ Bedrooms | $316K | $450K | +42.4% |
Summary: Waterford Township 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 2.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 42.4%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $276K | $330K | +19.6% |
| Atco | $286K | $320K | +11.9% |
| Shamong Township | $520K | $530.5K | +2.0% |
| Waterford Township | $330K | $327.5K | -0.8% |
Housing Supply in Waterford Township, NJ
How many homes are available in Waterford Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Summary: The Waterford Township real estate market had 46 homes for sale in May 2024, a 15.0% increase 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Waterford Township 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 increased by 11.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Waterford Township in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Waterford Township, NJ
How long does it take to sell a home in Waterford Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 15 Days | -54.7% |
Summary: Homes in Waterford Township had an average of 15 days on market in May 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waterford Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Waterford Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.