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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Runnemede is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Runnemede was a Seller's Market.

Key Takeaway

Runnemede is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Runnemede, NJ

How much do homes in Runnemede, NJ cost?

Median Sold Price

$283,500

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$3,600(+1.3%)

Key Takeaway

Homes in Runnemede have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Runnemede was $283,500 in September 2024, up 1.3% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $90K-
N/A
2 $241.9K$268K
+10.8%
3 $272.5K$281K
+3.1%
4 $287.2K$305K
+6.2%
5+ -$383K
N/A

Summary: Runnemede housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Magnolia
+15.2%
Bellmawr
+13.2%
Barrington
+12.3%
Glendora
+3.4%
Runnemede
+1.3%

Housing Supply in Runnemede, NJ

How many homes are available in Runnemede, NJ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2225+13.6%

Summary: The Runnemede real estate market had 25 homes for sale in September 2024, a 13.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 1213
+8.3%
4 78
+14.3%
5+ 21
-50.0%

Summary: The Runnemede 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 increased by 200%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Runnemede, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Runnemede in September 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Runnemede, NJ

How long does it take to sell a home in Runnemede, NJ?

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days18 Days+1.6%

Summary: Homes in Runnemede had an average of 18 days on market in Sep 2024, up by 1.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Runnemede; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 5 Days Ago

Newest Listings in Runnemede, NJ

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