Is Pennsville, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pennsville is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Pennsville has remained a Seller's Market.

Key Takeaway

Pennsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Pennsville, NJ cost?

Median Sold Price

$212,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$18,000(+9.3%)

Key Takeaway

Homes in Pennsville have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $90K-
N/A
2 $149.9K$150K
0.1%
3 $188K$212K
+12.8%
4 $240K$252.5K
+5.2%
5+ $358.7K$312.5K
-12.9%

Median Sold Price Compared To Nearby Cities

Pennsville Township
+10.1%
Pennsville
+9.3%
Carneys Point Township
+2.6%

How many homes are available in Pennsville, NJ?

Number of Homes For Sale

Dec 2022Jan 2023%
8681-5.8%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 1112
+9.1%
3 5041
-18.0%
4 2124
+14.3%
5+ 33
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
1614-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pennsville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Jan 2022Jan 2023%
38 Days33 Days-11.6%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Pennsville, NJ

Pennsville, NJ has 81 homes on the market. In January 2023 in Pennsville, NJ there were 5.8% less homes for sale than in December 2022. Listings spent 33 days on the market in January 2023, and had a median list price of $212,000 during the same period. This housing market listing prices have changed between December 2022 and January 2023: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 0.1%, 3 bedrooms properties prices increased by 12.8%, 4 bedrooms properties became 5.2% more expensive, prices of 5 bedrooms properties went down by 12.9%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 9.1%, number of 3 bedrooms homes decreased by 18%, the quantity of 4 bedrooms homes went up by 14.3%, volume of 5 bedrooms homes stayed the same. Over 3 listings were sold over their listed price in January 2023 in Pennsville, NJ. In the same period over 4 listings were sold below the listed price and 7 listings were sold for the listed price.

Related Housing Market Reports