$4,263 Closing Credit*
$359,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX HERITAGE PROPERTIES
Is Washington Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$565,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$88,050(+18.5%)
Key Takeaway
Homes in Washington Township have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Washington Township was $565,000 in November 2024, up 18.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.5K | $240K | +57.4% |
| 2 Bedrooms | $277.5K | $329.5K | +18.7% |
| 3 Bedrooms | $365K | $430K | +17.8% |
| 4 Bedrooms | $607.5K | $700K | +15.2% |
| 5+ Bedrooms | $760K | $770K | +1.3% |
Summary: Washington Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.4%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Port Murray | $390K | $540K | +38.5% |
| Washington Township | $476.9K | $565K | +18.5% |
| Mansfield Township | $370K | $425K | +14.9% |
| Chester Township | $865K | $950K | +9.8% |
| Long Valley | $682.5K | $725K | +6.2% |
Housing Supply in Washington Township, NJ
How many homes are available in Washington Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 108 | +0.9% |
Summary: The Washington Township real estate market had 108 homes for sale in November 2024, a 0.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 33 | 35 | +6.1% |
| 4 Bedrooms | 51 | 49 | -3.9% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Washington Township 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 remained the same, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Township, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Washington Township in November 2024, the same as the previous month. Of the 23 sold homes, 22% were sold under asking, 9% were sold at asking, and 70% were sold over asking.
Days on Market for Washington Township, NJ
We’re sorry, we don't have information for this market at the moment
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.