$8,906 Closing Credit*
$749,999
10 Beds
•3 Full Baths
Listing Office: REAL
Is South 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, South Ward has remained a Buyer's Market.
Key Takeaway
South Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Ward, NJ
How much do homes in South Ward, NJ cost?
Median Sold Price
$485,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$10,000(+2.1%)
Key Takeaway
Homes in South Ward have sold for 2.1% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $192K | N/A |
| 2 Bedrooms | $360K | - | N/A |
| 3 Bedrooms | $400K | - | N/A |
| 4 Bedrooms | $475K | $485K | +2.1% |
| 5+ Bedrooms | $702.5K | $530K | -24.6% |
Summary: South 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 did not change, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 24.6%.
Housing Supply in South Ward, NJ
How many homes are available in South Ward, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 191 | +6.1% |
Summary: The South Ward real estate market had 191 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 131 | 147 | +12.2% |
Summary: The South 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 decreased by 33.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Ward, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in South Ward in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for South Ward, NJ
How long does it take to sell a home in South Ward, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 22 Days | -32.3% |
Summary: Homes in South Ward had an average of 22 days on market in Nov 2024, down by 32.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Ward are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in South Ward; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.