Is Pennsauken, 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, Pennsauken was a Buyer's Market.
Housing Prices in Pennsauken, NJ
How much do homes in Pennsauken, NJ cost?
Median Sold Price
$260,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pennsauken was $260,000 in March 2024, up 13.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $230K | N/A |
2 Bedrooms | $180K | $208K | +15.6% |
3 Bedrooms | $230K | $259.9K | +13.0% |
4 Bedrooms | $246K | $297.5K | +20.9% |
5+ Bedrooms | $195K | $318.5K | +63.3% |
Summary: Pennsauken 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 15.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 63.3%.
Median Sold Price Compared To Nearby Cities
Camden | $97.8K | $115.1K | +17.7% |
Pennsauken | $229K | $260K | +13.5% |
Pennsauken Township | $258.5K | $282.5K | +9.3% |
Cinnaminson Township | $365K | $379.9K | +4.1% |
Palmyra | $260K | $250K | -3.8% |
Housing Supply in Pennsauken, NJ
How many homes are available in Pennsauken, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 86 | +7.5% |
Summary: The Pennsauken real estate market had 86 homes for sale in March 2024, a 7.5% 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 | 8 | 6 | -25.0% |
3 Bedrooms | 48 | 53 | +10.4% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Pennsauken 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 25%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 15 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Pennsauken in March 2024, up by 200.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for Pennsauken, NJ
How long does it take to sell a home in Pennsauken, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 37 Days | -19.4% |
Summary: Homes in Pennsauken had an average of 37 days on market in Mar 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Pennsauken; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.