Is Oldmans Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oldmans Township is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Oldmans Township has remained a Buyer's Market.

Key Takeaway

Oldmans Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Oldmans Township, NJ

How much do homes in Oldmans Township, NJ cost?

Median Sold Price

$532,500

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$145,000(+37.4%)

Key Takeaway

Homes in Oldmans Township have sold for 37.4% more than they did a year ago.

Summary: The median home sold price in Oldmans Township was $532,500 in October 2024, up 37.4% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $300K$420K
+40.0%
4 $450K$675K
+50.0%
5+ $779K$545K
-30.0%

Summary: Oldmans Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 30%.

Median Sold Price Compared To Nearby Cities

Oldmans Township
+37.4%
Pedricktown
+37.4%
Logan Township
+16.7%
Woolwich Township
+13.1%
Carneys Point Township
+4.7%

Housing Supply in Oldmans Township, NJ

How many homes are available in Oldmans Township, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1917-10.5%

Summary: The Oldmans Township real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 77
0.0%
4 1210
-16.7%
5+ 00
0.0%

Summary: The Oldmans Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oldmans Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Oldmans Township in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Oldmans Township, NJ

How long does it take to sell a home in Oldmans Township, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days81 Days+1258.3%

Summary: Homes in Oldmans Township had an average of 81 days on market in Oct 2024, up by 1258.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oldmans Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Oldmans Township; 50% of homes were sold within 30 days, 0% 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 13 Days Ago

Newest Listings in Oldmans Township, NJ

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What housing markets are near Oldmans Township, NJ?