Is Mantua Township, 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 Township was a Seller's Market.
Housing Prices in Mantua Township, NJ
How much do homes in Mantua Township, NJ cost?
Median Sold Price
$290,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mantua Township was $290,000 in March 2024, up 9.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $152K | -9.3% |
2 Bedrooms | $207.5K | $228.5K | +10.1% |
3 Bedrooms | $300.8K | $307.5K | +2.2% |
4 Bedrooms | $423K | $450K | +6.4% |
5+ Bedrooms | $655K | $797.5K | +21.8% |
Summary: Mantua Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 21.8%.
Housing Supply in Mantua Township, NJ
How many homes are available in Mantua Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 75 | -3.8% |
Summary: The Mantua Township real estate market had 75 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 46 | 40 | -13.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Mantua Township 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 5.9%, 3 bedroom homes decreased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 10 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Mantua Township in March 2024, down by 28.6% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Mantua Township, NJ
How long does it take to sell a home in Mantua Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 26 Days | +39.1% |
Summary: Homes in Mantua Township had an average of 26 days on market in Mar 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Mantua Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.