$2,849 Closing Credit*
$239,900
1,008 SqFt
2 Beds
•1 Full Bath
Lisa L Gardiner, Listing Office: Weichert Realtors - Moorestown
Is Pitman, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Pitman has remained a Seller's Market.
Key Takeaway
Pitman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pitman, NJ
How much do homes in Pitman, NJ cost?
Median Sold Price
$328,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$38,000(+13.1%)
Key Takeaway
Homes in Pitman have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Pitman was $328,000 in September 2024, up 13.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $172K | +17.0% |
| 2 Bedrooms | $213.4K | $229K | +7.3% |
| 3 Bedrooms | $305K | $324.2K | +6.3% |
| 4 Bedrooms | $347.5K | $362.5K | +4.3% |
| 5+ Bedrooms | $365K | $517.4K | +41.8% |
Summary: Pitman housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 41.8%.
Median Sold Price Compared To Nearby Cities
| Glassboro | $315K | $380K | +20.6% |
| Mantua Township | $277.5K | $314K | +13.2% |
| Pitman | $290K | $328K | +13.1% |
| Washington Township | $350K | $366.9K | +4.9% |
| Sewell | $356.2K | $360.7K | +1.3% |
Housing Supply in Pitman, NJ
How many homes are available in Pitman, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Summary: The Pitman real estate market had 32 homes for sale in September 2024, a 15.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pitman housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pitman, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Pitman in September 2024, down by 42.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Pitman, NJ
How long does it take to sell a home in Pitman, NJ?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 35 Days | +54.9% |
Summary: Homes in Pitman had an average of 35 days on market in Sep 2024, up by 54.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pitman are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Pitman; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
