Is Mount Royal, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Royal is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Mount Royal has remained a Seller's Market.

Key Takeaway

Mount Royal is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$16,500(+4.9%)

Key Takeaway

Homes in Mount Royal have sold for 4.9% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $135K$270K
+100.0%
3 $330K$350K
+6.1%
4 $425K$495.5K
+16.6%
5+ -$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
+19.0%
Mantua
+12.1%
East Greenwich Township
+5.3%
Mount Royal
+4.9%
Clarksboro
-3.1%

Housing Supply in Mount Royal, NJ

How many homes are available in Mount Royal, NJ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1216+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 45
+25.0%
4 58
+60.0%
5+ 22
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 2024Apr 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Royal, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

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 2023Apr 2024CHANGE
14 Days75 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Mount Royal are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Mount Royal, NJ

Nearby Markets to Mount Royal, NJ

What housing markets are near Mount Royal, NJ?