Is Fords, 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, Fords has remained a Seller's Market.
Key Takeaway
Fords is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fords, NJ
How much do homes in Fords, NJ cost?
Median Sold Price
$450,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fords have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Fords was $450,000 in May 2024, up 5.9% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $296K | N/A |
| 2 Bedrooms | $337.5K | $352.5K | +4.4% |
| 3 Bedrooms | $425K | $443.7K | +4.4% |
| 4 Bedrooms | $450K | $527.5K | +17.2% |
| 5+ Bedrooms | $550K | $556K | +1.1% |
Summary: Fords housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Woodbridge | $360K | $430K | +19.4% |
| Iselin | $417.2K | $472.5K | +13.2% |
| Woodbridge Township | $425K | $470.2K | +10.7% |
| Fords | $425K | $450K | +5.9% |
Housing Supply in Fords, NJ
How many homes are available in Fords, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The Fords real estate market had 29 homes for sale in May 2024, a 3.3% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Fords 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 remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fords, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Fords in May 2024, the same as the previous month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fords, NJ
How long does it take to sell a home in Fords, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 41 Days | +110.1% |
Summary: Homes in Fords had an average of 41 days on market in May 2024, up by 110.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fords are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Fords; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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