Is Pennsville Township, 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, Pennsville Township was a Seller's Market.
Housing Prices in Pennsville Township, NJ
How much do homes in Pennsville Township, NJ cost?
Median Sold Price
$255,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pennsville Township was $255,000 in April 2024, up 15.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $159K | $194.5K | +22.3% |
3 Bedrooms | $216.5K | $255K | +17.8% |
4 Bedrooms | $252.5K | $280K | +10.9% |
5+ Bedrooms | $312.5K | $265K | -15.2% |
Summary: Pennsville Township 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 22.3%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
Pennsville Township | $220K | $255K | +15.9% |
Pennsville | $220K | $255K | +15.9% |
Carneys Point Township | $192K | $215K | +12.0% |
Housing Supply in Pennsville Township, NJ
How many homes are available in Pennsville Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 50 | -2.0% |
Summary: The Pennsville Township real estate market had 50 homes for sale in April 2024, a 2.0% decrease 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 | 8 | 9 | +12.5% |
3 Bedrooms | 26 | 22 | -15.4% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pennsville Township 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 increased by 12.5%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 6 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Pennsville Township in April 2024, down by 66.7% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Pennsville Township, NJ
How long does it take to sell a home in Pennsville Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 26 Days | -45.8% |
Summary: Homes in Pennsville Township had an average of 26 days on market in Apr 2024, down by 45.8% 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 April 2024, 6 homes were sold in Pennsville Township; 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.