$2,136 Closing Credit*
$179,900
958 SqFt
2 Beds
•1 Full Bath
Listing Office: COLDWELL BANKER REALTY
Is Washington, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Washington has remained a Seller's Market.
Key Takeaway
Washington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington, NJ
How much do homes in Washington, NJ cost?
Median Sold Price
$405,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$68,750(+20.4%)
Key Takeaway
Homes in Washington have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in Washington was $405,000 in October 2024, up 20.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $166K | -10.3% |
| 2 Bedrooms | $260K | $323.2K | +24.3% |
| 3 Bedrooms | $330K | $367.3K | +11.3% |
| 4 Bedrooms | $477.9K | $545K | +14.0% |
| 5+ Bedrooms | $477.5K | $435K | -8.9% |
Summary: Washington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Washington | $336.2K | $405K | +20.4% |
| Washington Township | $339K | $405K | +19.5% |
Housing Supply in Washington, NJ
How many homes are available in Washington, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 54 | +8.0% |
Summary: The Washington real estate market had 54 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Washington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Washington in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for Washington, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.