Is West Creek, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Creek is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, West Creek was a Buyer's Market.

Key Takeaway

West Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Creek, NJ

How much do homes in West Creek, NJ cost?

Median Sold Price

$519,000

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$69,000(+15.3%)

Key Takeaway

Homes in West Creek have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in West Creek was $519,000 in November 2024, up 15.3% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$134.1K
N/A
2 $275K$167.5K
-39.1%
3 $420K$445.2K
+6.0%
4 $597.5K$640K
+7.1%
5+ $745K$1.2M
+61.1%

Summary: West Creek 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 39.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 61.1%.

Median Sold Price Compared To Nearby Cities

West Creek
+15.3%
Long Beach Township
+11.5%
Manahawkin
+3.3%
Stafford Township
+2.4%

Housing Supply in West Creek, NJ

How many homes are available in West Creek, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2114-33.3%

Summary: The West Creek real estate market had 14 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 86
-25.0%
4 83
-62.5%
5+ 22
0.0%

Summary: The West Creek 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 decreased by 25%, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Creek, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in West Creek in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West Creek, NJ

How long does it take to sell a home in West Creek, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days32 Days+220.0%

Summary: Homes in West Creek had an average of 32 days on market in Nov 2024, up by 220% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Creek are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in West Creek; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in West Creek, NJ

Nearby Markets to West Creek, NJ

What housing markets are near West Creek, NJ?