Is Pennsville, 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, Pennsville was a Neutral Market.
Housing Prices in Pennsville, NJ
How much do homes in Pennsville, NJ cost?
Median Sold Price
$255,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pennsville was $255,000 in March 2024, up 21.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $158K | $192.2K | +21.7% |
3 Bedrooms | $210K | $255K | +21.4% |
4 Bedrooms | $251.2K | $280K | +11.4% |
5+ Bedrooms | $312.5K | $265K | -15.2% |
Summary: Pennsville 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 21.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
Pennsville | $210K | $255K | +21.4% |
Pennsville Township | $210K | $255K | +21.4% |
Carneys Point Township | $205K | $215K | +4.9% |
Housing Supply in Pennsville, NJ
How many homes are available in Pennsville, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 119 | -0.8% |
Summary: The Pennsville real estate market had 119 homes for sale in March 2024, a 0.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 67 | 65 | -3.0% |
4 Bedrooms | 32 | 32 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Pennsville 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 remained the same, 3 bedroom homes decreased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Pennsville in March 2024, up by 15.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Pennsville, NJ
How long does it take to sell a home in Pennsville, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 22 Days | -41.4% |
Summary: Homes in Pennsville had an average of 22 days on market in Mar 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Pennsville; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.