Is Runnemede, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Runnemede was a Seller's Market.
Key Takeaway
Runnemede 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 Runnemede, NJ
How much do homes in Runnemede, NJ cost?
Median Sold Price
$278,750
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Runnemede have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Runnemede was $278,750 in April 2024, up 7.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $218.7K | $257.5K | +17.7% |
| 3 Bedrooms | $250K | $282K | +12.8% |
| 4 Bedrooms | $286K | $280K | -2.1% |
| 5+ Bedrooms | $415K | - | N/A |
Summary: Runnemede housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Barrington | $315K | $350K | +11.1% |
| Glendora | $273K | $297K | +8.8% |
| Bellmawr | $256.5K | $278.4K | +8.6% |
| Magnolia | $261K | $283.2K | +8.5% |
| Runnemede | $260K | $278.7K | +7.2% |
Housing Supply in Runnemede, NJ
How many homes are available in Runnemede, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The Runnemede real estate market had 25 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Runnemede housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Runnemede, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Runnemede in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Runnemede, NJ
How long does it take to sell a home in Runnemede, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 5 Days | -81.3% |
Summary: Homes in Runnemede had an average of 5 days on market in Apr 2024, down by 81.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Runnemede are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Runnemede; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
