$6,530 Closing Credit*
$549,900
2,868 SqFt
4 Beds
•2 Full Baths, 2 Partial
Dawn Russell, Listing Office: Century 21 Alliance-Moorestown
Is Cinnaminson Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Cinnaminson Township has remained a Seller's Market.
Key Takeaway
Cinnaminson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cinnaminson Township, NJ
How much do homes in Cinnaminson Township, NJ cost?
Median Sold Price
$410,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$40,000(+10.8%)
Key Takeaway
Homes in Cinnaminson Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Cinnaminson Township was $410,000 in September 2024, up 10.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $172.5K | N/A |
| 2 Bedrooms | $222.2K | $263K | +18.3% |
| 3 Bedrooms | $353.9K | $384K | +8.5% |
| 4 Bedrooms | $448.2K | $488.5K | +9.0% |
| 5+ Bedrooms | $490K | $550K | +12.2% |
Summary: Cinnaminson Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Palmyra | $242K | $280K | +15.7% |
| Pennsauken | $240K | $270K | +12.5% |
| Cinnaminson Township | $370K | $410K | +10.8% |
| Pennsauken Township | $275.1K | $299.3K | +8.8% |
Housing Supply in Cinnaminson Township, NJ
How many homes are available in Cinnaminson Township, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 56 | 43 | -23.2% |
Summary: The Cinnaminson Township real estate market had 43 homes for sale in September 2024, a 23.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 25 | 17 | -32.0% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Cinnaminson 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 increased by 25%, 3 bedroom homes decreased by 32%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 9 | -64.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cinnaminson Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cinnaminson Township in September 2024, down by 64.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Cinnaminson Township, NJ
How long does it take to sell a home in Cinnaminson Township, NJ?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 33 Days | +52.7% |
Summary: Homes in Cinnaminson Township had an average of 33 days on market in Sep 2024, up by 52.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cinnaminson Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in Cinnaminson 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.
