Is Lumberton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lumberton Township has remained a Seller's Market.
Key Takeaway
Lumberton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lumberton Township, NJ
How much do homes in Lumberton Township, NJ cost?
Median Sold Price
$455,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lumberton Township have sold for 44.4% more than they did a year ago.
Summary: The median home sold price in Lumberton Township was $455,000 in April 2024, up 44.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $182.8K | +4.5% |
| 3 Bedrooms | $290.5K | $324K | +11.5% |
| 4 Bedrooms | $565K | $585K | +3.5% |
| 5+ Bedrooms | $620K | $750K | +21.0% |
Summary: Lumberton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
| Lumberton Township | $315K | $455K | +44.4% |
| Lumberton | $315K | $455K | +44.4% |
| Mount Holly Township | $360K | $378K | +5.0% |
| Hainesport Township | $422.5K | $435K | +3.0% |
| Hainesport | $422.5K | $435K | +3.0% |
Housing Supply in Lumberton Township, NJ
How many homes are available in Lumberton Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Lumberton Township real estate market had 22 homes for sale in April 2024, a 12.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Lumberton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lumberton Township, 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 Lumberton Township in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 0% were sold under asking, 43% were sold at asking, and 57% were sold over asking.
Days on Market for Lumberton Township, NJ
How long does it take to sell a home in Lumberton Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -30.8% |
Summary: Homes in Lumberton Township had an average of 10 days on market in Apr 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lumberton Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Lumberton Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
