$3,088 Closing Credit*
$260,000
1 Bed
•1 Full Bath
Nicholas R. Alutin, Listing Office: Keller Williams Village Square Realty
Is Westwood, 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, Westwood has remained a Buyer's Market.
Key Takeaway
Westwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westwood, NJ
How much do homes in Westwood, NJ cost?
Median Sold Price
$680,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$44,500(+7.0%)
Key Takeaway
Homes in Westwood have sold for 7% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $586K | $680K | +16.0% |
| 5+ Bedrooms | $685K | - | N/A |
Summary: Westwood housing prices by bedroom type for October 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 did not change, 4 bedroom homes increased by 16%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| River Vale Township | $710K | $950K | +33.8% |
| Westwood | $635.5K | $680K | +7.0% |
| Hillsdale | $712.5K | $575K | -19.3% |
Housing Supply in Westwood, NJ
How many homes are available in Westwood, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 23 | +53.3% |
Summary: The Westwood real estate market had 23 homes for sale in October 2024, a 53.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Westwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 85.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Westwood in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Westwood, NJ
We’re sorry, we don't have information for this market at the moment
