Is Lindenwold, 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, Lindenwold was a Seller's Market.
Key Takeaway
Lindenwold is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lindenwold, NJ
How much do homes in Lindenwold, NJ cost?
Median Sold Price
$240,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lindenwold have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Lindenwold was $240,000 in March 2024, up 6.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157K | $185K | +17.8% |
| 3 Bedrooms | $237.5K | $240K | +1.1% |
| 4 Bedrooms | $235K | $285K | +21.3% |
| 5+ Bedrooms | $280K | $265K | -5.4% |
Summary: Lindenwold 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 17.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Stratford | $260K | $290K | +11.5% |
| Clementon | $217.5K | $240K | +10.3% |
| Lindenwold | $224.9K | $240K | +6.7% |
| Laurel Springs | $285K | $277.5K | -2.6% |
Housing Supply in Lindenwold, NJ
How many homes are available in Lindenwold, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 59 | +7.3% |
Summary: The Lindenwold real estate market had 59 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lindenwold 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 increased by 41.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lindenwold, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Lindenwold in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Lindenwold, NJ
How long does it take to sell a home in Lindenwold, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 13 Days | -70.0% |
Summary: Homes in Lindenwold had an average of 13 days on market in Mar 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lindenwold are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Lindenwold; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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