Is Cinnaminson Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cinnaminson Township was a Seller's Market.
Key Takeaway
Cinnaminson 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 Cinnaminson Township, NJ
How much do homes in Cinnaminson Township, NJ cost?
Median Sold Price
$379,950
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cinnaminson Township have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Cinnaminson Township was $379,950 in March 2024, up 4.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $220K | $250K | +13.6% |
| 3 Bedrooms | $360K | $355K | -1.4% |
| 4 Bedrooms | $432.5K | $485.5K | +12.3% |
| 5+ Bedrooms | $664.9K | $485K | -27.1% |
Summary: Cinnaminson Township 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 13.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 27.1%.
Median Sold Price Compared To Nearby Cities
| Pennsauken | $229K | $260K | +13.5% |
| Pennsauken Township | $258.5K | $282.5K | +9.3% |
| Cinnaminson Township | $365K | $379.9K | +4.1% |
| Palmyra | $260K | $250K | -3.8% |
Housing Supply in Cinnaminson Township, NJ
How many homes are available in Cinnaminson Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 76 | +4.1% |
Summary: The Cinnaminson Township real estate market had 76 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Cinnaminson Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cinnaminson Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Cinnaminson Township in March 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 42 Days | +12.5% |
Summary: Homes in Cinnaminson Township had an average of 42 days on market in Mar 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
7 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 Cinnaminson Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Cinnaminson Township; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
