$5,558 Closing Credit*
$468,000
3 Beds
•2 Full Baths
Victoria Tudor, Listing Office: True Real Estate Group, LLC
Is West Milford 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 Milford Township has remained a Seller's Market.
Key Takeaway
West Milford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Milford Township, NJ
How much do homes in West Milford Township, NJ cost?
Median Sold Price
$436,440
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$61,440(+16.4%)
Key Takeaway
Homes in West Milford Township have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in West Milford Township was $436,440 in November 2024, up 16.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $291K | +40.2% |
| 2 Bedrooms | $290K | $340K | +17.2% |
| 3 Bedrooms | $418K | $450K | +7.7% |
| 4 Bedrooms | $525K | $599.9K | +14.3% |
| 5+ Bedrooms | $599.5K | $880K | +46.8% |
Summary: West Milford Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.2%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 46.8%.
Median Sold Price Compared To Nearby Cities
| Newfoundland | $470K | $874.5K | +86.1% |
| West Milford | $370K | $439.5K | +18.8% |
| West Milford Township | $375K | $436.4K | +16.4% |
| Kinnelon | $680K | $790K | +16.2% |
| Jefferson Township | $415K | $465K | +12.0% |
Housing Supply in West Milford Township, NJ
How many homes are available in West Milford Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 148 | 155 | +4.7% |
Summary: The West Milford Township real estate market had 155 homes for sale in November 2024, a 4.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 51 | 53 | +3.9% |
| 3 Bedrooms | 58 | 61 | +5.2% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The West Milford Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Milford Township, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in West Milford Township in November 2024, down by 9.7% month-over-month. Of the 28 sold homes, 32% were sold under asking, 21% were sold at asking, and 46% were sold over asking.
Days on Market for West Milford Township, NJ
We’re sorry, we don't have information for this market at the moment
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