$4,156 Closing Credit*
$350,000
6 Beds
•2 Full Baths
Listing Office: BHHS FOX & ROACH
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
$437,500
$160/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$22,500(+5.4%)
Key Takeaway
Homes in South Ward have sold for 5.4% more than they did a month ago.
Summary: The median home sold price in South Ward was $437,500 in October 2024, up 5.4% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | - | $360K | N/A |
| 3 Bedrooms | $342.5K | $400K | +16.8% |
| 4 Bedrooms | $495K | $475K | -4.0% |
| 5+ Bedrooms | $468.5K | $655K | +39.8% |
Summary: South Ward housing prices by bedroom type for October 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 increased by 16.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 39.8%.
Housing Supply in South Ward, NJ
How many homes are available in South Ward, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 202 | +21.7% |
Summary: The South Ward real estate market had 202 homes for sale in October 2024, a 21.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 119 | 147 | +23.5% |
Summary: The South Ward housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Ward, 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 South Ward in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for South Ward, NJ
How long does it take to sell a home in South Ward, NJ?
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 October 2024, 8 homes were sold in South Ward; 13% 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.
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