Is Sewell, 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, Sewell has remained a Seller's Market.
Housing Prices in Sewell, NJ
How much do homes in Sewell, NJ cost?
Median Sold Price
$360,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sewell was $360,000 in March 2024, up 2.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $190.5K | +5.8% |
2 Bedrooms | $210K | $238.9K | +13.8% |
3 Bedrooms | $329.9K | $356.5K | +8.1% |
4 Bedrooms | $465K | $469.9K | +1.1% |
5+ Bedrooms | $505K | $586K | +16.0% |
Summary: Sewell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
Pitman | $261.2K | $307K | +17.5% |
Mantua Township | $265K | $290K | +9.4% |
Washington Township | $335K | $357.3K | +6.7% |
Sewell | $350K | $360K | +2.9% |
Housing Supply in Sewell, NJ
How many homes are available in Sewell, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
162 | 158 | -2.5% |
Summary: The Sewell real estate market had 158 homes for sale in March 2024, a 2.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 43 | 38 | -11.6% |
3 Bedrooms | 61 | 56 | -8.2% |
4 Bedrooms | 40 | 46 | +15.0% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Sewell 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 decreased by 11.6%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Sewell in March 2024, the same as the previous month. Of the 29 sold homes, 38% were sold under asking, 21% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 38 Days | +108.6% |
Summary: Homes in Sewell had an average of 38 days on market in Mar 2024, up by 108.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Sewell; 52% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.