Is Wenonah, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wenonah is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Wenonah has remained a Seller's Market.

Key Takeaway

Wenonah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wenonah, NJ

How much do homes in Wenonah, NJ cost?

Median Sold Price

$327,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$8,000(-2.4%)

Key Takeaway

Homes in Wenonah have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Wenonah was $327,000 in November 2024, down 2.4% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$145K
N/A
2 $272.6K$255K
-6.5%
3 $320K$320K
0.0%
4 $360K$357.9K
-0.6%
5+ $392.4K$530K
+35.0%

Summary: Wenonah housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 35%.

Median Sold Price Compared To Nearby Cities

Mantua Township
+13.2%
Deptford Township
+8.3%
Mantua
+7.6%
Sewell
+2.8%
Wenonah
-2.4%

Housing Supply in Wenonah, NJ

How many homes are available in Wenonah, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3637+2.8%

Summary: The Wenonah real estate market had 37 homes for sale in November 2024, a 2.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2521
-16.0%
4 911
+22.2%
5+ 02
+100.0%

Summary: The Wenonah 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 increased by 50%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wenonah, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Wenonah in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Wenonah, NJ

How long does it take to sell a home in Wenonah, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days24 Days-32.6%

Summary: Homes in Wenonah had an average of 24 days on market in Nov 2024, down by 32.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wenonah are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Wenonah; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Wenonah, NJ

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