Is Vineland, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Vineland was a Neutral Market.
Key Takeaway
Vineland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Vineland, NJ
How much do homes in Vineland, NJ cost?
Median Sold Price
$266,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Vineland have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Vineland was $266,000 in March 2024, up 7.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160.9K | $180K | +11.9% |
| 2 Bedrooms | $176.5K | $208K | +17.8% |
| 3 Bedrooms | $246.4K | $265K | +7.5% |
| 4 Bedrooms | $313.5K | $380K | +21.2% |
| 5+ Bedrooms | $381.5K | $371K | -2.8% |
Summary: Vineland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Newfield | $249.9K | $327.5K | +31.1% |
| Vineland | $248K | $266K | +7.3% |
| Pittsgrove Township | $319K | $330K | +3.4% |
| Buena | $242.5K | $250K | +3.1% |
Housing Supply in Vineland, NJ
How many homes are available in Vineland, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 270 | 265 | -1.9% |
Summary: The Vineland real estate market had 265 homes for sale in March 2024, a 1.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 31 | 35 | +12.9% |
| 3 Bedrooms | 160 | 149 | -6.9% |
| 4 Bedrooms | 66 | 65 | -1.5% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Vineland 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 increased by 12.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 29 | -34.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vineland, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Vineland in March 2024, down by 34.1% month-over-month. Of the 28 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Vineland, NJ
How long does it take to sell a home in Vineland, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 56 Days | +0.5% |
Summary: Homes in Vineland had an average of 56 days on market in Mar 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Vineland has remained consistent over time.
Summary: During March 2024, 29 homes were sold in Vineland; 34% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.