Is Mantua, 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, Mantua was a Seller's Market.
Housing Prices in Mantua, NJ
How much do homes in Mantua, NJ cost?
Median Sold Price
$250,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mantua was $250,000 in March 2024, up 13.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $144K | -14.0% |
2 Bedrooms | $191.7K | $224.9K | +17.3% |
3 Bedrooms | $255K | $285K | +11.8% |
4 Bedrooms | $305K | $456K | +49.5% |
5+ Bedrooms | $415K | $765K | +84.3% |
Summary: Mantua housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes increased by 84.3%.
Median Sold Price Compared To Nearby Cities
Mantua | $220K | $250K | +13.6% |
Mantua Township | $265K | $290K | +9.4% |
Wenonah | $335K | $327K | -2.4% |
Clarksboro | $400K | $385K | -3.8% |
Housing Supply in Mantua, NJ
How many homes are available in Mantua, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 61 | +5.2% |
Summary: The Mantua real estate market had 61 homes for sale in March 2024, a 5.2% 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 | 18 | 22 | +22.2% |
3 Bedrooms | 32 | 28 | -12.5% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mantua 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 22.2%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Mantua in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Mantua, NJ
How long does it take to sell a home in Mantua, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 24 Days | +122.1% |
Summary: Homes in Mantua had an average of 24 days on market in Mar 2024, up by 122.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Mantua; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.