Is Westville, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westville is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Westville was a Seller's Market.

Key Takeaway

Westville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Westville, NJ

How much do homes in Westville, NJ cost?

Median Sold Price

$245,000

$183/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Westville has remained the same since last year.

Summary: The median home sold price in Westville was $245,000 in November 2024, the same as last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $92.5K$135K
+45.9%
2 $218.7K$177.5K
-18.9%
3 $245K$256.2K
+4.6%
4 $290K$309.4K
+6.7%
5+ $1.6M$315K
-80.7%

Summary: Westville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.9%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 80.7%.

Median Sold Price Compared To Nearby Cities

Brooklawn
+18.5%
Bellmawr
+9.1%
Gloucester City
+8.1%
West Deptford Township
+5.0%
Westville
0.0%

Housing Supply in Westville, NJ

How many homes are available in Westville, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2826-7.1%

Summary: The Westville real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 31
-66.7%
3 1917
-10.5%
4 56
+20.0%
5+ 11
0.0%

Summary: The Westville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Westville in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Westville, NJ

How long does it take to sell a home in Westville, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days14 Days-64.0%

Summary: Homes in Westville had an average of 14 days on market in Nov 2024, down by 64% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Westville; 100% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Westville, NJ

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