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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodbridge is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Woodbridge has remained a Seller's Market.

Key Takeaway

Woodbridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Woodbridge, NJ

How much do homes in Woodbridge, NJ cost?

Median Sold Price

$440,500

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,500(+10.1%)

Key Takeaway

Homes in Woodbridge have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Woodbridge was $440,500 in November 2024, up 10.1% from last year, and the median price per square foot was $351.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $246K$285K
+15.9%
2 $323.5K$365K
+12.8%
3 $438.5K$470K
+7.2%
4 $525K$560K
+6.7%
5+ $560K$685K
+22.3%

Summary: Woodbridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 22.3%.

Median Sold Price Compared To Nearby Cities

Fords
+12.8%
Perth Amboy
+12.2%
Woodbridge Township
+10.2%
Woodbridge
+10.1%

Housing Supply in Woodbridge, NJ

How many homes are available in Woodbridge, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
75750.0%

Summary: The Woodbridge real estate market had 75 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 117
-36.4%
2 2325
+8.7%
3 2024
+20.0%
4 1815
-16.7%
5+ 34
+33.3%

Summary: The Woodbridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 36.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2014-30.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodbridge, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Woodbridge in November 2024, down by 30.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% were sold over asking.

Days on Market for Woodbridge, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days39 Days-6.7%

Summary: Homes in Woodbridge had an average of 39 days on market in Nov 2024, down by 6.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Woodbridge; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in Woodbridge, NJ

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