$7,124 Closing Credit*
$599,900
3 Beds
•2 Full Baths
Listing Office: EXP REALTY, LLC
Is Fords, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Fords has remained a Seller's Market.
Key Takeaway
Fords is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fords, NJ
How much do homes in Fords, NJ cost?
Median Sold Price
$485,000
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+12.8%)
Key Takeaway
Homes in Fords have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Fords was $485,000 in November 2024, up 12.8% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $296K | N/A |
| 2 Bedrooms | $328.5K | $361K | +9.9% |
| 3 Bedrooms | $430K | $470K | +9.3% |
| 4 Bedrooms | $470K | $535K | +13.8% |
| 5+ Bedrooms | $629K | $556K | -11.6% |
Summary: Fords housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Fords | $430K | $485K | +12.8% |
| Iselin | $450K | $499.5K | +11.0% |
| Woodbridge Township | $450K | $495.7K | +10.2% |
| Woodbridge | $400K | $440.5K | +10.1% |
Housing Supply in Fords, NJ
How many homes are available in Fords, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 34 | -27.7% |
Summary: The Fords real estate market had 34 homes for sale in November 2024, a 27.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 19 | 11 | -42.1% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Fords 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 decreased by 16.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fords, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Fords in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fords, NJ
How long does it take to sell a home in Fords, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 38 Days | +2.9% |
Summary: Homes in Fords had an average of 38 days on market in Nov 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fords are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Fords; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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