Is Clementon, 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, Clementon has remained a Seller's Market.
Key Takeaway
Clementon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clementon, NJ
How much do homes in Clementon, NJ cost?
Median Sold Price
$240,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Clementon have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Clementon was $240,000 in March 2024, up 10.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $90K | +20.0% |
| 2 Bedrooms | $146.5K | $173.9K | +18.7% |
| 3 Bedrooms | $245K | $260K | +6.1% |
| 4 Bedrooms | $272.5K | $345K | +26.6% |
| 5+ Bedrooms | $287.5K | $452.9K | +57.5% |
Summary: Clementon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 57.5%.
Median Sold Price Compared To Nearby Cities
| Pine Hill | $208K | $245K | +17.8% |
| Berlin | $315K | $355.5K | +12.9% |
| Clementon | $217.5K | $240K | +10.3% |
| Lindenwold | $224.9K | $240K | +6.7% |
Housing Supply in Clementon, NJ
How many homes are available in Clementon, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 100 | +7.5% |
Summary: The Clementon real estate market had 100 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 18 | 24 | +33.3% |
| 3 Bedrooms | 51 | 56 | +9.8% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Clementon 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 increased by 33.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 21 | +110.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clementon, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Clementon in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 14% were sold at asking, and 67% were sold over asking.
Days on Market for Clementon, NJ
How long does it take to sell a home in Clementon, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 46 Days | +78.8% |
Summary: Homes in Clementon had an average of 46 days on market in Mar 2024, up by 78.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clementon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in Clementon; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
