Is Williamstown, 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, Williamstown was a Seller's Market.
Key Takeaway
Williamstown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Williamstown, NJ
How much do homes in Williamstown, NJ cost?
Median Sold Price
$315,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Williamstown have sold for 9% more than they did a year ago.
Summary: The median home sold price in Williamstown was $315,000 in May 2024, up 9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84K | $100K | +19.0% |
| 2 Bedrooms | $256K | $280K | +9.4% |
| 3 Bedrooms | $265K | $290.4K | +9.6% |
| 4 Bedrooms | $395K | $375K | -5.1% |
| 5+ Bedrooms | $545K | $550K | +0.9% |
Summary: Williamstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $280K | $332K | +18.6% |
| Monroe Township | $292.8K | $320K | +9.3% |
| Williamstown | $288.9K | $315K | +9.0% |
| Winslow Township | $290K | $309.9K | +6.9% |
| Franklinville | $318.5K | $311K | -2.4% |
Housing Supply in Williamstown, NJ
How many homes are available in Williamstown, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 156 | 147 | -5.8% |
Summary: The Williamstown real estate market had 147 homes for sale in May 2024, a 5.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 23 | -17.9% |
| 3 Bedrooms | 69 | 63 | -8.7% |
| 4 Bedrooms | 48 | 53 | +10.4% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Williamstown 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 decreased by 17.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 24 | -29.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Williamstown, you could pay more than the asking price. 70.8% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Williamstown in May 2024, down by 29.4% month-over-month. Of the 24 sold homes, 21% were sold under asking, 8% were sold at asking, and 71% were sold over asking.
Days on Market for Williamstown, NJ
How long does it take to sell a home in Williamstown, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +12.2% |
Summary: Homes in Williamstown had an average of 29 days on market in May 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Williamstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Williamstown; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.