Is Mantua Township, 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, Mantua Township has remained a Seller's Market.
Key Takeaway
Mantua Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mantua Township, NJ
How much do homes in Mantua Township, NJ cost?
Median Sold Price
$295,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mantua Township have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Mantua Township was $295,000 in May 2024, up 12.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $160K | -3.0% |
| 2 Bedrooms | $215K | $230K | +7.0% |
| 3 Bedrooms | $287.5K | $310.9K | +8.1% |
| 4 Bedrooms | $474.9K | $440K | -7.3% |
| 5+ Bedrooms | $655K | $797.5K | +21.8% |
Summary: Mantua Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 21.8%.
Housing Supply in Mantua Township, NJ
How many homes are available in Mantua Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 59 | +40.5% |
Summary: The Mantua Township real estate market had 59 homes for sale in May 2024, a 40.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 17 | 24 | +41.2% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Mantua Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mantua Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Mantua Township in May 2024, the same as the previous month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for Mantua Township, NJ
How long does it take to sell a home in Mantua Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -19.5% |
Summary: Homes in Mantua Township had an average of 19 days on market in May 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mantua Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Mantua Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
