Is Mullica Hill, 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, Mullica Hill has remained a Seller's Market.
Key Takeaway
Mullica Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mullica Hill, NJ
How much do homes in Mullica Hill, NJ cost?
Median Sold Price
$549,900
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mullica Hill have sold for 6% more than they did a year ago.
Summary: The median home sold price in Mullica Hill was $549,900 in May 2024, up 6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $229.9K | $315K | +37.0% |
| 3 Bedrooms | $370K | $430K | +16.2% |
| 4 Bedrooms | $612.5K | $667.9K | +9.1% |
| 5+ Bedrooms | $532K | $695K | +30.6% |
Summary: Mullica Hill 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 37%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Cities
| South Harrison Township | $520K | $620K | +19.2% |
| Mullica Hill | $519K | $549.9K | +6.0% |
| Harrison Township | $506K | $527.5K | +4.2% |
Housing Supply in Mullica Hill, NJ
How many homes are available in Mullica Hill, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 56 | +21.7% |
Summary: The Mullica Hill real estate market had 56 homes for sale in May 2024, a 21.7% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Mullica Hill 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 decreased by 20%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mullica Hill, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Mullica Hill in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for Mullica Hill, NJ
How long does it take to sell a home in Mullica Hill, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 38 Days | +53.6% |
Summary: Homes in Mullica Hill had an average of 38 days on market in May 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mullica Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Mullica Hill; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
