$4,097 Closing Credit*
$344,999
1,056 SqFt
3 Beds
•1 Full Bath
David Beach, Listing Office: RE/MAX Community-Williamstown
Is Waterford Works, 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, Waterford Works has remained a Seller's Market.
Key Takeaway
Waterford Works is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterford Works, NJ
How much do homes in Waterford Works, NJ cost?
Median Sold Price
$339,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+16.9%)
Key Takeaway
Homes in Waterford Works have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Waterford Works was $339,000 in November 2024, up 16.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $234K | - | N/A |
| 3 Bedrooms | $287.5K | $332.5K | +15.7% |
| 4 Bedrooms | $340K | $350K | +2.9% |
| 5+ Bedrooms | $230K | $395K | +71.7% |
Summary: Waterford Works 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 did not change, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 71.7%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $290K | $339K | +16.9% |
| Chesilhurst | $261.5K | $303.5K | +16.1% |
| Winslow Township | $300.9K | $339.2K | +12.7% |
| Waterford Township | $325K | $341K | +4.9% |
| Atco | $315K | $330K | +4.8% |
Housing Supply in Waterford Works, NJ
How many homes are available in Waterford Works, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The Waterford Works real estate market had 16 homes for sale in November 2024, a 15.8% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Waterford Works 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 remained the same, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford Works, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Waterford Works in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Waterford Works, NJ
How long does it take to sell a home in Waterford Works, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 18 Days | -27.1% |
Summary: Homes in Waterford Works had an average of 18 days on market in Nov 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waterford Works are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Waterford Works; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
