$10,000 Closing Credit*
$949,900
5 Beds
•3 Full Baths, 1 Partial
Listing Office: RE/MAX PREMIER
Is Watchung, 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, 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
$1,035,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$210,000(+25.5%)
Key Takeaway
Homes in Watchung have sold for 25.5% more than they did a year ago.
Summary: The median home sold price in Watchung was $1,035,000 in October 2024, up 25.5% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $749.9K | +15.4% |
| 3 Bedrooms | $650K | $840K | +29.2% |
| 4 Bedrooms | $875.2K | $990.7K | +13.2% |
| 5+ Bedrooms | $1.2M | $1.2M | 0.4% |
Summary: Watchung housing prices by bedroom type for October 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 29.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Watchung | $825K | $1.0M | +25.5% |
| Berkeley Heights Township | $725K | $817.5K | +12.8% |
| Berkeley Heights | $720.7K | $812K | +12.7% |
| North Plainfield | $420K | $470K | +11.9% |
| Scotch Plains | $707K | $765K | +8.2% |
Housing Supply in Watchung, NJ
How many homes are available in Watchung, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The Watchung real estate market had 33 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Watchung housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was 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 October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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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