$5,225 Closing Credit*
$440,000
1,670 SqFt
3 Beds
•1 Full Bath, 1 Partial
Mark A Weller, Listing Office: Coldwell Banker Realty
Is Sewell, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sewell has remained a Seller's Market.
Key Takeaway
Sewell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sewell, NJ
How much do homes in Sewell, NJ cost?
Median Sold Price
$370,250
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,250(+2.8%)
Key Takeaway
Homes in Sewell have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Sewell was $370,250 in November 2024, up 2.8% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $199.5K | +7.8% |
| 2 Bedrooms | $230K | $260K | +13.0% |
| 3 Bedrooms | $350K | $371.5K | +6.1% |
| 4 Bedrooms | $474.9K | $500K | +5.3% |
| 5+ Bedrooms | $575K | $568K | -1.2% |
Summary: Sewell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Mantua Township | $280K | $317K | +13.2% |
| Pitman | $305K | $345K | +13.1% |
| Washington Township | $350K | $375K | +7.1% |
| Sewell | $360K | $370.2K | +2.8% |
Housing Supply in Sewell, NJ
How many homes are available in Sewell, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 93 | -9.7% |
Summary: The Sewell real estate market had 93 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 41 | 34 | -17.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Sewell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 27 | -35.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sewell, expect to pay close to the asking price. 40.7% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Sewell in November 2024, down by 35.7% month-over-month. Of the 27 sold homes, 19% were sold under asking, 41% were sold at asking, and 41% were sold over asking.
Days on Market for Sewell, NJ
How long does it take to sell a home in Sewell, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 34 Days | +104.6% |
Summary: Homes in Sewell had an average of 34 days on market in Nov 2024, up by 104.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sewell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Sewell; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
