Is Villas, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Villas is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Villas was a Neutral Market.

Key Takeaway

Villas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Villas, NJ

How much do homes in Villas, NJ cost?

Median Sold Price

$415,000

$615/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$444,000(-51.7%)

Key Takeaway

Homes in Villas have sold for 51.7% less than they did a month ago.

Summary: The median home sold price in Villas was $415,000 in November 2024, down 51.7% from last month, and the median price per square foot was $615.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$275K
N/A
2 --
N/A
3 $615.5K$415K
-32.6%
4 -$1.1M
N/A
5+ $1.0M-
N/A

Summary: Villas 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 32.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lower Township
-29.7%
Villas
-51.7%

Housing Supply in Villas, NJ

How many homes are available in Villas, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3029-3.3%

Summary: The Villas real estate market had 29 homes for sale in November 2024, a 3.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 35
+66.7%
3 1513
-13.3%
4 57
+40.0%
5+ 63
-50.0%

Summary: The Villas 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 increased by 66.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villas, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Villas in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Villas, NJ

How long does it take to sell a home in Villas, NJ?

Average Sale Time

Oct 2024Nov 2024CHANGE
67 Days92 Days+36.6%

Summary: Homes in Villas had an average of 92 days on market in Nov 2024, up by 36.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Villas has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Villas; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Villas, NJ

Nearby Markets to Villas, NJ

What housing markets are near Villas, NJ?