Is Southampton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Southampton Township was a Seller's Market.
Key Takeaway
Southampton Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southampton Township, NJ
How much do homes in Southampton Township, NJ cost?
Median Sold Price
$312,500
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southampton Township have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Southampton Township was $312,500 in April 2024, up 13.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $123.7K | -9.7% |
| 2 Bedrooms | $257K | $277K | +7.8% |
| 3 Bedrooms | $372.5K | $341K | -8.5% |
| 4 Bedrooms | $522K | $557.5K | +6.8% |
| 5+ Bedrooms | $450K | $930K | +106.7% |
Summary: Southampton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 106.7%.
Median Sold Price Compared To Nearby Cities
| Lumberton | $315K | $455K | +44.4% |
| Lumberton Township | $315K | $455K | +44.4% |
| Eastampton Township | $414.9K | $479.9K | +15.7% |
| Southampton Township | $275K | $312.5K | +13.6% |
| Pemberton Township | $271K | $300K | +10.7% |
Housing Supply in Southampton Township, NJ
How many homes are available in Southampton Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 56 | +9.8% |
Summary: The Southampton Township real estate market had 56 homes for sale in April 2024, a 9.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 32 | 38 | +18.8% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Southampton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southampton Township, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Southampton Township in April 2024, down by 38.5% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Southampton Township, NJ
How long does it take to sell a home in Southampton Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 27 Days | -60.5% |
Summary: Homes in Southampton Township had an average of 27 days on market in Apr 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southampton Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Southampton Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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