Is Southampton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southampton Township was a Seller's Market.
Key Takeaway
Southampton Township 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 Southampton Township, NJ
How much do homes in Southampton Township, NJ cost?
Median Sold Price
$318,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southampton Township have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Southampton Township was $318,000 in May 2024, up 17.6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $123.7K | -9.7% |
| 2 Bedrooms | $255K | $289.9K | +13.7% |
| 3 Bedrooms | $367.9K | $335.5K | -8.8% |
| 4 Bedrooms | $367.5K | $570K | +55.1% |
| 5+ Bedrooms | $450K | $930K | +106.7% |
Summary: Southampton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 55.1%, and 5+ bedroom homes increased by 106.7%.
Median Sold Price Compared To Nearby Cities
| Lumberton | $310K | $453K | +46.1% |
| Lumberton Township | $310K | $453K | +46.1% |
| Eastampton Township | $410K | $490K | +19.5% |
| Southampton Township | $270.3K | $318K | +17.6% |
| Pemberton Township | $274.4K | $300K | +9.3% |
Housing Supply in Southampton Township, NJ
How many homes are available in Southampton Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 59 | +7.3% |
Summary: The Southampton Township real estate market had 59 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 37 | 43 | +16.2% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Southampton 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 16.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southampton Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Southampton Township in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Southampton Township, NJ
How long does it take to sell a home in Southampton Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 66 Days | +131.6% |
Summary: Homes in Southampton Township had an average of 66 days on market in May 2024, up by 131.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southampton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Southampton Township; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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