Is Mullica 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, Mullica Township was a Seller's Market.
Key Takeaway
Mullica Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mullica Township, NJ
How much do homes in Mullica Township, NJ cost?
Median Sold Price
$335,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mullica Township have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Mullica Township was $335,000 in March 2024, up 8.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.2K | $140K | -11.0% |
| 2 Bedrooms | $224K | $239K | +6.7% |
| 3 Bedrooms | $300K | $326.2K | +8.8% |
| 4 Bedrooms | $399.5K | $457.5K | +14.5% |
| 5+ Bedrooms | $524.9K | $400K | -23.8% |
Summary: Mullica Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Cities
| Mullica Township | $310K | $335K | +8.1% |
| Hammonton | $315K | $339.9K | +7.9% |
| Washington Township | $332K | $355K | +6.9% |
| Galloway Township | $270K | $280K | +3.7% |
| Egg Harbor City | $260K | $257.5K | -1.0% |
Housing Supply in Mullica Township, NJ
How many homes are available in Mullica Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Summary: The Mullica Township real estate market had 40 homes for sale in March 2024, a 14.3% increase 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mullica 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 150%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mullica Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mullica Township in March 2024, up by 600.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Mullica Township, NJ
How long does it take to sell a home in Mullica Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 37 Days | +36.1% |
Summary: Homes in Mullica Township had an average of 37 days on market in Mar 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mullica Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Mullica Township; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.