Is Bellmawr, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bellmawr has remained a Seller's Market.
Key Takeaway
Bellmawr is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellmawr, NJ
How much do homes in Bellmawr, NJ cost?
Median Sold Price
$278,450
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bellmawr have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Bellmawr was $278,450 in April 2024, up 8.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $225K | $222K | -1.3% |
| 3 Bedrooms | $260K | $280K | +7.7% |
| 4 Bedrooms | $272K | $315K | +15.8% |
| 5+ Bedrooms | $345K | $367.5K | +6.5% |
Summary: Bellmawr housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Westville | $197.5K | $244K | +23.5% |
| Brooklawn | $175.1K | $210.5K | +20.2% |
| Mount Ephraim | $245K | $287K | +17.1% |
| Bellmawr | $256.5K | $278.4K | +8.6% |
| Runnemede | $260K | $278.7K | +7.2% |
Housing Supply in Bellmawr, NJ
How many homes are available in Bellmawr, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Bellmawr real estate market had 25 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 9 | 4 | -55.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bellmawr 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 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellmawr, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bellmawr in April 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Bellmawr, NJ
How long does it take to sell a home in Bellmawr, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 17 Days | -37.5% |
Summary: Homes in Bellmawr had an average of 17 days on market in Apr 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellmawr are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Bellmawr; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
