Is Wenonah, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Wenonah was a Seller's Market.
Key Takeaway
Wenonah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wenonah, NJ
How much do homes in Wenonah, NJ cost?
Median Sold Price
$360,000
$209/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Wenonah have sold for 17.3% more than they did a month ago.
Summary: The median home sold price in Wenonah was $360,000 in April 2024, up 17.3% from last month, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $329.9K | $302.5K | -8.3% |
| 4 Bedrooms | $307K | $385K | +25.4% |
| 5+ Bedrooms | - | $625K | N/A |
Summary: Wenonah housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes did not change.
Housing Supply in Wenonah, NJ
How many homes are available in Wenonah, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 31 | +40.9% |
Summary: The Wenonah real estate market had 31 homes for sale in April 2024, a 40.9% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 20 | +122.2% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wenonah 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 remained the same, 3 bedroom homes increased by 122.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wenonah, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Wenonah in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 39 Days | +28.3% |
Summary: Homes in Wenonah had an average of 39 days on market in Apr 2024, up by 28.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wenonah are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Wenonah; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
