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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingwood Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Kingwood Township has remained a Seller's Market.

Key Takeaway

Kingwood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Kingwood Township, NJ cost?

Median Sold Price

$440,250

-

Based on all homes sold in August 2022.

Difference Since Last Month

-$179,750(-29.0%)

Key Takeaway

Homes in Kingwood Township have sold for 29% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJul 2022Aug 2022%
1 --
N/A
2 $250K$452K
+80.8%
3 $290K$428.5K
+47.8%
4 $1.8M$624.9K
-67.0%
5+ $950K-
N/A

How many homes are available in Kingwood Township, NJ?

Number of Homes For Sale

Jul 2022Aug 2022%
2321-8.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 55
0.0%
3 44
0.0%
4 1110
-9.1%
5+ 32
-33.3%

Number of Homes Sold

Jul 2022Aug 2022%
440.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingwood Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

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

About Kingwood Township, NJ

Kingwood Township, NJ has 21 homes for sale to choose from. Between July 2022 and August 2022, Kingwood Township, NJ real estate market has seen decrease in the number of listings by 8.7%. From August 2021 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 80.8% more expensive, 3 bedrooms properties prices increased by 47.8%, prices of 4 bedrooms properties decreased by 67%, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes remained the same, volume of 4 bedrooms homes went down by 9.1%, 5 bedrooms homes inventory decreased by 33.3%. In August 2022 more than 3 listings in Kingwood Township, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below.

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