Is Bellmawr, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bellmawr has remained a Neutral Market.
Key Takeaway
Bellmawr 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 Bellmawr, NJ
How much do homes in Bellmawr, NJ cost?
Median Sold Price
$275,950
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bellmawr have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Bellmawr was $275,950 in March 2024, up 8.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $222.5K | $223.5K | 0.4% |
| 3 Bedrooms | $259K | $278.4K | +7.5% |
| 4 Bedrooms | $262.5K | $292K | +11.2% |
| 5+ Bedrooms | $840K | $365K | -56.5% |
Summary: Bellmawr housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 56.5%.
Median Sold Price Compared To Nearby Cities
| Mount Ephraim | $235K | $287K | +22.1% |
| Westville | $200K | $243K | +21.5% |
| Brooklawn | $175K | $205K | +17.1% |
| Bellmawr | $255K | $275.9K | +8.2% |
| Runnemede | $259.4K | $275K | +6.0% |
Housing Supply in Bellmawr, NJ
How many homes are available in Bellmawr, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Bellmawr real estate market had 39 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bellmawr housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellmawr, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Bellmawr in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 40 Days | +203.5% |
Summary: Homes in Bellmawr had an average of 40 days on market in Mar 2024, up by 203.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bellmawr are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Bellmawr; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
