Is Swedesboro, 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, Swedesboro has remained a Seller's Market.
Key Takeaway
Swedesboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swedesboro, NJ
How much do homes in Swedesboro, NJ cost?
Median Sold Price
$390,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Swedesboro have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Swedesboro was $390,000 in March 2024, up 11.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307.5K | $302.5K | -1.6% |
| 3 Bedrooms | $320K | $330K | +3.1% |
| 4 Bedrooms | $475K | $531K | +11.8% |
| 5+ Bedrooms | $545K | $640K | +17.4% |
Summary: Swedesboro 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 1.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Swedesboro | $348.7K | $390K | +11.8% |
| Woolwich Township | $450K | $492.5K | +9.4% |
Housing Supply in Swedesboro, NJ
How many homes are available in Swedesboro, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 82 | -2.4% |
Summary: The Swedesboro real estate market had 82 homes for sale in March 2024, a 2.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 41 | 44 | +7.3% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Swedesboro 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 27.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swedesboro, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Swedesboro in March 2024, up by 23.1% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Swedesboro, NJ
How long does it take to sell a home in Swedesboro, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +19.9% |
Summary: Homes in Swedesboro had an average of 34 days on market in Mar 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swedesboro are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Swedesboro; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
