$9,488 Closing Credit*
$799,000
2,994 SqFt
5 Beds
•2 Full Baths, 2 Partial
Brenna Huffstutler, Listing Office: Queenston Realty, 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 October 2023
Since last year, West Amwell Township has remained a Buyer's Market.
Key Takeaway
West Amwell Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Amwell Township, NJ
How much do homes in West Amwell Township, NJ cost?
Median Sold Price
$582,500
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$122,500(-17.4%)
Key Takeaway
Homes in West Amwell Township have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in West Amwell Township was $582,500 in October 2024, down 17.4% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $675K | - | N/A |
| 2 Bedrooms | $381K | $360K | -5.5% |
| 3 Bedrooms | $565K | $485K | -14.2% |
| 4 Bedrooms | $745K | $675K | -9.4% |
| 5+ Bedrooms | $910K | $900K | -1.1% |
Summary: West Amwell Township 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 decreased by 5.5%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Ringoes | $665K | $825K | +24.1% |
| Hopewell Township | $615.8K | $627.5K | +1.9% |
| Lambertville | $570K | $555K | -2.6% |
| West Amwell Township | $705K | $582.5K | -17.4% |
Housing Supply in West Amwell Township, NJ
How many homes are available in West Amwell Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The West Amwell Township real estate market had 22 homes for sale in October 2024, a 4.8% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The West Amwell Township 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 West Amwell Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in West Amwell Township in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 11 Days | -80.4% |
Summary: Homes in West Amwell Township had an average of 11 days on market in Oct 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 October 2024, 1 homes were sold in West Amwell Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
