$7,480 Closing Credit*
$629,900
4 Beds
•3 Full Baths
Listing Office: COMPASS NEW JERSEY LLC
Is West Amwell 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, West Amwell Township has remained a Seller's Market.
Key Takeaway
West Amwell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Amwell Township, NJ
How much do homes in West Amwell Township, NJ cost?
Median Sold Price
$585,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$90,000(-13.3%)
Key Takeaway
Homes in West Amwell Township have sold for 13.3% less than they did a year ago.
Summary: The median home sold price in West Amwell Township was $585,000 in November 2024, down 13.3% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $675K | - | N/A |
| 2 Bedrooms | $381K | $360K | -5.5% |
| 3 Bedrooms | $480K | $487K | +1.5% |
| 4 Bedrooms | $745K | $633K | -15.0% |
| 5+ Bedrooms | $910K | $934.5K | +2.7% |
Summary: West Amwell Township 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 decreased by 5.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Ringoes | $665K | $825K | +24.1% |
| Hopewell Township | $620K | $625K | +0.8% |
| Lambertville | $567.5K | $564.9K | -0.5% |
| West Amwell Township | $675K | $585K | -13.3% |
Housing Supply in West Amwell Township, NJ
How many homes are available in West Amwell Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The West Amwell Township real estate market had 22 homes for sale in November 2024, a 4.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The West Amwell 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Amwell Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in West Amwell Township in November 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for West Amwell Township, NJ
How long does it take to sell a home in West Amwell Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 37 Days | +94.7% |
Summary: Homes in West Amwell Township had an average of 37 days on market in Nov 2024, up by 94.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Amwell Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in West Amwell Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
