$10,000 Closing Credit*
$899,000
4 Beds
•3 Full Baths
Listing Office: BRICE HOMES
Is West Orange 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 Orange Township has remained a Seller's Market.
Key Takeaway
West Orange Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Orange Township, NJ
How much do homes in West Orange Township, NJ cost?
Median Sold Price
$619,466
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,279(+3.4%)
Key Takeaway
Homes in West Orange Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in West Orange Township was $619,466 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 | $686K | $722.5K | +5.3% |
| 5+ Bedrooms | $825.2K | $999.9K | +21.2% |
Summary: West Orange Township 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 5.3%, 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 Township | $599.1K | $619.4K | +3.4% |
| West Orange | $599K | $619.2K | +3.4% |
| South Orange | $965K | $992.5K | +2.8% |
Housing Supply in West Orange Township, NJ
How many homes are available in West Orange Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 188 | +4.4% |
Summary: The West Orange Township real estate market had 188 homes for sale in November 2024, a 4.4% 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 | 22 | 35 | +59.1% |
Summary: The West Orange Township 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 59.1%.
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 Township, 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 Township 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 Township, NJ
How long does it take to sell a home in West Orange Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 11 Days | -59.3% |
Summary: Homes in West Orange Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in West Orange Township; 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.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.