Is Pittsgrove Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pittsgrove Township has remained a Buyer's Market.
Housing Prices in Pittsgrove Township, NJ
How much do homes in Pittsgrove Township, NJ cost?
Median Sold Price
$330,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pittsgrove Township was $330,000 in March 2024, up 3.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $251.9K | $220K | -12.7% |
3 Bedrooms | $296K | $298.7K | +0.9% |
4 Bedrooms | $393.7K | $390K | -1.0% |
5+ Bedrooms | $1.2M | $575K | -52.1% |
Summary: Pittsgrove Township 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 decreased by 12.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 52.1%.
Median Sold Price Compared To Nearby Cities
Elmer | $263.5K | $299K | +13.5% |
Franklin Township | $290K | $325K | +12.1% |
Vineland | $248K | $266K | +7.3% |
Pittsgrove Township | $319K | $330K | +3.4% |
Housing Supply in Pittsgrove Township, NJ
How many homes are available in Pittsgrove Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 44 | -2.2% |
Summary: The Pittsgrove Township real estate market had 44 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pittsgrove Township 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 increased by 14.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pittsgrove Township in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Pittsgrove Township, NJ
How long does it take to sell a home in Pittsgrove Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 38 Days | +537.5% |
Summary: Homes in Pittsgrove Township had an average of 38 days on market in Mar 2024, up by 537.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Pittsgrove Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.