Is West Creek, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West Creek was a Seller's Market.
Housing Prices in West Creek, NJ
How much do homes in West Creek, NJ cost?
Median Sold Price
$588,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Creek was $588,500 in May 2024, up 63.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190.5K | $134.1K | -29.6% |
2 Bedrooms | $259K | $305K | +17.8% |
3 Bedrooms | $382.5K | $450K | +17.6% |
4 Bedrooms | $645.9K | $640K | -0.9% |
5+ Bedrooms | $350K | $950K | +171.4% |
Summary: West Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 171.4%.
Median Sold Price Compared To Nearby Cities
West Creek | $360K | $588.5K | +63.5% |
Eagleswood Township | $349K | $425K | +21.8% |
Long Beach Township | $1.6M | $1.7M | +10.9% |
Stafford Township | $472.5K | $520.1K | +10.1% |
Manahawkin | $475.3K | $515.8K | +8.5% |
Housing Supply in West Creek, NJ
How many homes are available in West Creek, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Summary: The West Creek real estate market had 21 homes for sale in May 2024, a 31.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Creek housing inventory by bedroom type for May 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 40%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in West Creek in May 2024, up by 50.0% 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 Creek, NJ
How long does it take to sell a home in West Creek, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 37 Days | +3.7% |
Summary: Homes in West Creek had an average of 37 days on market in May 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in West Creek; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.