$8,669 Closing Credit*
$730,000
13 Beds
•5 Full Baths
Listing Office: OXFORD PROPERTY GROUP
Is West Ward, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, West Ward has remained a Buyer's Market.
Key Takeaway
West Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Ward, NJ
How much do homes in West Ward, NJ cost?
Median Sold Price
$440,000
$214/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$1,000(-0.2%)
Key Takeaway
The sold price of homes in West Ward has remained the same since last month.
Summary: The median home sold price in West Ward was $440,000 in December 2024, down 0.2% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $259K | - | N/A |
| 3 Bedrooms | $460K | $397.5K | -13.6% |
| 4 Bedrooms | $441K | $484K | +9.8% |
| 5+ Bedrooms | $398K | $440K | +10.6% |
Summary: West Ward housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in West Ward, NJ
How many homes are available in West Ward, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 198 | 216 | +9.1% |
Summary: The West Ward real estate market had 216 homes for sale in December 2024, a 9.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 130 | 143 | +10.0% |
Summary: The West Ward housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Ward, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in West Ward in December 2024, up by 18.2% month-over-month. Of the 13 sold homes, 15% were sold under asking, 15% were sold at asking, and 69% were sold over asking.
Days on Market for West Ward, NJ
How long does it take to sell a home in West Ward, NJ?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 Days | 42 Days | +600.0% |
Summary: Homes in West Ward had an average of 42 days on market in Dec 2024, up by 600% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Ward has remained consistent over time.
Summary: During December 2024, 13 homes were sold in West Ward; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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