$8,311 Closing Credit*
$699,900
4 Beds
•2 Full Baths, 1 Partial
Paul E. Anyanwu, Listing Office: RE/MAX Solutions
Is West Orange, 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 Orange has remained a Seller's Market.
Key Takeaway
West Orange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Orange, NJ
How much do homes in West Orange, NJ cost?
Median Sold Price
$619,200
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,175(+3.4%)
Key Takeaway
Homes in West Orange have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in West Orange was $619,200 in November 2024, up 3.4% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $300K | +27.7% |
| 2 Bedrooms | $440K | $485K | +10.2% |
| 3 Bedrooms | $567.7K | $600K | +5.7% |
| 4 Bedrooms | $690K | $725K | +5.1% |
| 5+ Bedrooms | $825.2K | $999.9K | +21.2% |
Summary: West Orange housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| City Of Orange Township | $370K | $453.4K | +22.5% |
| Orange | $370K | $453.4K | +22.5% |
| West Orange | $599K | $619.2K | +3.4% |
| West Orange Township | $599.1K | $619.4K | +3.4% |
| South Orange | $965K | $992.5K | +2.8% |
Housing Supply in West Orange, NJ
How many homes are available in West Orange, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 179 | 187 | +4.5% |
Summary: The West Orange real estate market had 187 homes for sale in November 2024, a 4.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 30 | 28 | -6.7% |
| 3 Bedrooms | 75 | 73 | -2.7% |
| 4 Bedrooms | 49 | 49 | 0.0% |
| 5+ Bedrooms | 21 | 34 | +61.9% |
Summary: The West Orange housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 61.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Orange, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in West Orange in November 2024, up by 20.0% month-over-month. Of the 36 sold homes, 19% were sold under asking, 6% were sold at asking, and 75% were sold over asking.
Days on Market for West Orange, NJ
How long does it take to sell a home in West Orange, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 11 Days | -59.3% |
Summary: Homes in West Orange had an average of 11 days on market in Nov 2024, down by 59.3% 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 Orange are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in West Orange; 3% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.