$4,156 Closing Credit*
$350,000
3 Beds
•1 Full Bath
Listing Office: ADDISON REAL ESTATE
Is Washington Township, 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 Township has remained a Seller's Market.
Key Takeaway
Washington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington Township, NJ
How much do homes in Washington Township, NJ cost?
Median Sold Price
$368,086
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,086(+5.2%)
Key Takeaway
Homes in Washington Township have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Washington Township was $368,086 in October 2024, up 5.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $179.9K | +2.8% |
| 2 Bedrooms | $230K | $255K | +10.9% |
| 3 Bedrooms | $335K | $355K | +6.0% |
| 4 Bedrooms | $450K | $466K | +3.6% |
| 5+ Bedrooms | $485K | $469.5K | -3.2% |
Summary: Washington Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in Washington Township, NJ
How many homes are available in Washington Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 181 | 174 | -3.9% |
Summary: The Washington Township real estate market had 174 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 1 | -80.0% |
| 2 Bedrooms | 34 | 35 | +2.9% |
| 3 Bedrooms | 61 | 61 | 0.0% |
| 4 Bedrooms | 70 | 67 | -4.3% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Washington Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 2.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 45 | -27.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Township, you could pay more than the asking price. 48.9% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Washington Township in October 2024, down by 27.4% month-over-month. Of the 45 sold homes, 24% were sold under asking, 27% were sold at asking, and 49% were sold over asking.
Days on Market for Washington Township, NJ
How long does it take to sell a home in Washington Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +70.2% |
Summary: Homes in Washington Township had an average of 30 days on market in Oct 2024, up by 70.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Washington Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in Washington Township; 47% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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.