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FOCUS ON: WILLIAMSTOWN AND VICTORY LAKES HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 08094 |
Units Sold
43 |
Active Inventory
99 |
Median Sale Price
$360,000 |
Days On Market
37 |
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Up 19%
Vs. Year Ago |
Up 14%
Vs. Year Ago |
Down -1%
Vs. Year Ago |
Up 3%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 43 sold this month in Williamstown and Victory Lakes Real Estate versus 38 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 19% versus June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 12 units or 14%. The total number of active inventory this June was 99 compared to 87 in June 2024. This month's total of 99 is higher than the previous month's total supply of available inventory of 97, an increase of 2%.
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Median Sale Price
Last June, the median sale price for Williamstown and Victory Lakes Homes was $363,000. This June, the median sale price was $360,000, a decrease of 1% or $3,000 compared to last year. The current median sold price is 11% lower than in May.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
52 |
Current Contracts
44 |
Sold Vs. List Price
102.1% |
Months of Supply
2.3 |
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Down -5%
Vs. Year Ago |
Up 38%
Vs. Year Ago |
No Change
Vs. Year Ago |
Down -5%
Vs. Year Ago |
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Months of Supply
In June, there was 2.3 months of supply available in Williamstown and Victory Lakes, compared to 2.4 in June 2024. That is a decrease of 5% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 52 homes newly listed for sale in Williamstown and Victory Lakes compared to 55 in June 2024, a decrease of 5%. There were 44 current contracts pending sale this June compared to 32 a year ago. The number of current contracts is 38% higher than last June.
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Sale Price to List Price Ratio
In June, the average sale price in Williamstown and Victory Lakes was 102.1% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 37, higher than the average last year, which was 36, an increase of 3%.
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Williamstown and Victory Lakes are defined as properties listed in zip code/s 08094. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |