Is Mullica Hill, 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, Mullica Hill was a Seller's Market.
Key Takeaway
Mullica Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mullica Hill, NJ
How much do homes in Mullica Hill, NJ cost?
Median Sold Price
$525,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mullica Hill have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Mullica Hill was $525,000 in March 2024, up 1.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $234.9K | $315K | +34.1% |
| 3 Bedrooms | $370K | $427K | +15.4% |
| 4 Bedrooms | $601K | $655.5K | +9.1% |
| 5+ Bedrooms | $560K | $575K | +2.7% |
Summary: Mullica Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Elk Township | $280K | $330K | +17.9% |
| Mullica Hill | $514.9K | $525K | +1.9% |
| Harrison Township | $508.5K | $505K | -0.7% |
Housing Supply in Mullica Hill, NJ
How many homes are available in Mullica Hill, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 67 | +8.1% |
Summary: The Mullica Hill real estate market had 67 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Mullica Hill 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 decreased by 16.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mullica Hill, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Mullica Hill in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Mullica Hill, NJ
How long does it take to sell a home in Mullica Hill, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 14 Days | -64.3% |
Summary: Homes in Mullica Hill had an average of 14 days on market in Mar 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
4 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 Mullica Hill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Mullica Hill; 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.
