Is Woodbury, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Woodbury has remained a Seller's Market.
Housing Prices in Woodbury, NJ
How much do homes in Woodbury, NJ cost?
Median Sold Price
$286,125
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Woodbury was $286,125 in May 2024, up 8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $131K | -32.8% |
2 Bedrooms | $235K | $250K | +6.4% |
3 Bedrooms | $260.5K | $270K | +3.6% |
4 Bedrooms | $289K | $375K | +29.8% |
5+ Bedrooms | $312.5K | $392K | +25.4% |
Summary: Woodbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Cities
Thorofare | $262K | $316.2K | +20.7% |
Woodbury Heights | $295K | $340K | +15.3% |
West Deptford Township | $275K | $300.5K | +9.3% |
Woodbury | $265K | $286.1K | +8.0% |
Deptford Township | $290K | $310.5K | +7.1% |
Housing Supply in Woodbury, NJ
How many homes are available in Woodbury, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
121 | 121 | 0.0% |
Summary: The Woodbury real estate market had 121 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 16 | -20.0% |
3 Bedrooms | 66 | 68 | +3.0% |
4 Bedrooms | 26 | 28 | +7.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Woodbury 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 20%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Woodbury in May 2024, down by 12.5% month-over-month. Of the 21 sold homes, 33% were sold under asking, 5% were sold at asking, and 62% were sold over asking.
Days on Market for Woodbury, NJ
How long does it take to sell a home in Woodbury, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 34 Days | +7.2% |
Summary: Homes in Woodbury had an average of 34 days on market in May 2024, up by 7.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Woodbury; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.