Is Carneys Point Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carneys Point Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Carneys Point Township was a Seller's Market.

Key Takeaway

Carneys Point 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 Carneys Point Township, NJ

How much do homes in Carneys Point Township, NJ cost?

Median Sold Price

$225,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+4.7%)

Key Takeaway

Homes in Carneys Point Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Carneys Point Township was $225,000 in September 2024, up 4.7% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $201.5K$122K
-39.5%
2 $142.2K$190K
+33.6%
3 $217.5K$229.9K
+5.7%
4 $269.9K$262K
-2.9%
5+ $347K$234K
-32.6%

Summary: Carneys Point Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.5%, 2 bedroom homes increased by 33.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 32.6%.

Median Sold Price Compared To Nearby Cities

Penns Grove
+7.5%
Carneys Point Township
+4.7%
Pedricktown
+2.7%

Housing Supply in Carneys Point Township, NJ

How many homes are available in Carneys Point Township, NJ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2924-17.2%

Summary: The Carneys Point Township real estate market had 24 homes for sale in September 2024, a 17.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 73
-57.1%
3 1514
-6.7%
4 44
0.0%
5+ 33
0.0%

Summary: The Carneys Point Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
114-63.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carneys Point Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Carneys Point Township in September 2024, down by 63.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Carneys Point Township, NJ

How long does it take to sell a home in Carneys Point Township, NJ?

Average Sale Time

Sep 2023Sep 2024CHANGE
31 Days30 Days-3.1%

Summary: Homes in Carneys Point Township had an average of 30 days on market in Sep 2024, down by 3.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Carneys Point Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Carneys Point Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in Carneys Point Township, NJ

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