$7,113 Closing Credit*
$599,000
9 Beds
•3 Full Baths
Listing Office: COMPASS NEW JERSEY, LLC
Is West Side, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, West Side was a Neutral Market.
Key Takeaway
West Side is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Side, NJ
How much do homes in West Side, NJ cost?
Median Sold Price
$362,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,500(+10.5%)
Key Takeaway
Homes in West Side have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in West Side was $362,500 in October 2024, up 10.5% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $247.5K | -25.0% |
| 3 Bedrooms | $325K | $369K | +13.5% |
| 4 Bedrooms | $327.5K | $315K | -3.8% |
| 5+ Bedrooms | $650K | $475K | -26.9% |
Summary: West Side 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 decreased by 25%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Neighborhoods
| West Side | $328K | $362.5K | +10.5% |
| West Ward | $360K | $385K | +6.9% |
| Lower Vailsburg | $383.5K | $390K | +1.7% |
Housing Supply in West Side, NJ
How many homes are available in West Side, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 90 | +28.6% |
Summary: The West Side real estate market had 90 homes for sale in October 2024, a 28.6% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 53 | 65 | +22.6% |
Summary: The West Side 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Side, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in West Side in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for West Side, NJ
We’re sorry, we don't have information for this market at the moment
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