Is Bellmawr, 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, Bellmawr has remained a Seller's Market.
Housing Prices in Bellmawr, NJ
How much do homes in Bellmawr, NJ cost?
Median Sold Price
$276,900
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bellmawr was $276,900 in May 2024, up 8.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | - | N/A |
2 Bedrooms | $220K | $223.5K | +1.6% |
3 Bedrooms | $260K | $281.5K | +8.3% |
4 Bedrooms | $272K | $325.4K | +19.7% |
5+ Bedrooms | $330K | $370K | +12.1% |
Summary: Bellmawr 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 1.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
Brooklawn | $172.5K | $210.5K | +22.0% |
Mount Ephraim | $245K | $286K | +16.7% |
Westville | $214K | $243K | +13.6% |
Bellmawr | $255K | $276.9K | +8.6% |
Runnemede | $260K | $277.5K | +6.7% |
Housing Supply in Bellmawr, NJ
How many homes are available in Bellmawr, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The Bellmawr real estate market had 29 homes for sale in May 2024, a 16.0% increase 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 | 3 | 3 | 0.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bellmawr 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 increased by 29.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Bellmawr in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Bellmawr, NJ
How long does it take to sell a home in Bellmawr, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +6.8% |
Summary: Homes in Bellmawr had an average of 25 days on market in May 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Bellmawr; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.