$4,155 Closing Credit*
$349,900
2 Beds
•2 Full Baths, 1 Partial
Luis Morales, Listing Office: Real
Is Central Ward, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Central Ward has remained a Buyer's Market.
Key Takeaway
Central Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Ward, NJ
How much do homes in Central Ward, NJ cost?
Median Sold Price
$350,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$52,500(-13.0%)
Key Takeaway
Homes in Central Ward have sold for 13% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $310K | - | N/A |
| 3 Bedrooms | $420K | $390K | -7.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Central Ward housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| University Heights | $370K | $390K | +5.4% |
| Central Ward | $402.5K | $350K | -13.0% |
Housing Supply in Central Ward, NJ
How many homes are available in Central Ward, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Summary: The Central Ward real estate market had 40 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Central Ward housing inventory by bedroom type for November 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 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Ward, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Central Ward in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Central Ward, NJ
We’re sorry, we don't have information for this market at the moment
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