$6,947 Closing Credit*
$585,000
4 Beds
•2 Full Baths
Dyan Dolese, Listing Office: Keller Williams Suburban Realty
Is West Caldwell 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 Caldwell Township has remained a Seller's Market.
Key Takeaway
West Caldwell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Caldwell Township, NJ
How much do homes in West Caldwell Township, NJ cost?
Median Sold Price
$710,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$90,000(+14.5%)
Key Takeaway
Homes in West Caldwell Township have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in West Caldwell Township was $710,000 in October 2024, up 14.5% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $453.5K | +0.8% |
| 3 Bedrooms | $550K | $675K | +22.7% |
| 4 Bedrooms | $650.9K | $810K | +24.4% |
| 5+ Bedrooms | $901K | $990K | +9.9% |
Summary: West Caldwell 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 increased by 0.8%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Caldwell | $681.5K | $782.5K | +14.8% |
| West Caldwell Township | $620K | $710K | +14.5% |
| North Caldwell | $837.5K | $950K | +13.4% |
| Roseland | $682K | $765K | +12.2% |
Housing Supply in West Caldwell Township, NJ
How many homes are available in West Caldwell Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The West Caldwell Township real estate market had 22 homes for sale in October 2024, a 18.5% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The West Caldwell 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 increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Caldwell Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in West Caldwell Township in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for West Caldwell Township, NJ
We’re sorry, we don't have information for this market at the moment
