$5,688 Closing Credit*
$479,000
3 Beds
•2 Full Baths
Listing Office: NEXTHOME PREMIER
Is Watchung, 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, Watchung has remained a Seller's Market.
Key Takeaway
Watchung is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Watchung, NJ
How much do homes in Watchung, NJ cost?
Median Sold Price
$982,500
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,750(+5.3%)
Key Takeaway
Homes in Watchung have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Watchung was $982,500 in November 2024, up 5.3% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $749.9K | +15.4% |
| 3 Bedrooms | $702K | $840K | +19.7% |
| 4 Bedrooms | $875.2K | $982.5K | +12.3% |
| 5+ Bedrooms | $1.2M | $1.3M | +8.1% |
Summary: Watchung housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Berkeley Heights Township | $729K | $831.5K | +14.1% |
| Berkeley Heights | $727K | $817.5K | +12.4% |
| North Plainfield | $435K | $476.5K | +9.5% |
| Scotch Plains | $711K | $755K | +6.2% |
| Watchung | $932.7K | $982.5K | +5.3% |
Housing Supply in Watchung, NJ
How many homes are available in Watchung, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Watchung real estate market had 27 homes for sale in November 2024, a 3.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Watchung 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 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watchung, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Watchung in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Watchung, NJ
We’re sorry, we don't have information for this market at the moment
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