Is Pemberton Township, 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, Pemberton Township has remained a Seller's Market.
Housing Prices in Pemberton Township, NJ
How much do homes in Pemberton Township, NJ cost?
Median Sold Price
$300,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pemberton Township was $300,000 in April 2024, up 10.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $183K | +56.4% |
2 Bedrooms | $144K | $170K | +18.1% |
3 Bedrooms | $256.2K | $291.5K | +13.8% |
4 Bedrooms | $310K | $340K | +9.7% |
5+ Bedrooms | $340K | $330K | -2.9% |
Summary: Pemberton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.4%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
Pemberton Township | $271K | $300K | +10.7% |
Pemberton | $281K | $295K | +5.0% |
Housing Supply in Pemberton Township, NJ
How many homes are available in Pemberton Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 112 | -2.6% |
Summary: The Pemberton Township real estate market had 112 homes for sale in April 2024, a 2.6% decrease 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 | 19 | 20 | +5.3% |
3 Bedrooms | 56 | 49 | -12.5% |
4 Bedrooms | 35 | 37 | +5.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Pemberton Township 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 increased by 5.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 27 | -28.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Pemberton Township in April 2024, down by 28.9% month-over-month. Of the 27 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Pemberton Township, NJ
How long does it take to sell a home in Pemberton Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 30 Days | -5.5% |
Summary: Homes in Pemberton Township had an average of 30 days on market in Apr 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Pemberton Township; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.