Is Mount Royal, 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, Mount Royal has remained a Seller's Market.
Housing Prices in Mount Royal, NJ
How much do homes in Mount Royal, NJ cost?
Median Sold Price
$356,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Royal was $356,500 in April 2024, up 4.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $135K | $270K | +100.0% |
3 Bedrooms | $330K | $350K | +6.1% |
4 Bedrooms | $425K | $495.5K | +16.6% |
5+ Bedrooms | - | $667.5K | N/A |
Summary: Mount Royal 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 100%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Thorofare | $260.5K | $310K | +19.0% |
Mantua | $223.9K | $251K | +12.1% |
East Greenwich Township | $380K | $399.9K | +5.3% |
Mount Royal | $340K | $356.5K | +4.9% |
Clarksboro | $397.5K | $385K | -3.1% |
Housing Supply in Mount Royal, NJ
How many homes are available in Mount Royal, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Summary: The Mount Royal real estate market had 16 homes for sale in April 2024, a 33.3% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mount Royal 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mount Royal in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for Mount Royal, NJ
How long does it take to sell a home in Mount Royal, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 75 Days | +435.7% |
Summary: Homes in Mount Royal had an average of 75 days on market in Apr 2024, up by 435.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Mount Royal; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.