Is Blackwood, 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, Blackwood has remained a Seller's Market.
Key Takeaway
Blackwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blackwood, NJ
How much do homes in Blackwood, NJ cost?
Median Sold Price
$319,833
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Blackwood have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Blackwood was $319,833 in April 2024, up 6.6% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.2K | $170K | +13.1% |
| 2 Bedrooms | $197K | $232K | +17.8% |
| 3 Bedrooms | $284.5K | $315K | +10.7% |
| 4 Bedrooms | $350K | $377.5K | +7.9% |
| 5+ Bedrooms | $466.9K | $450K | -3.6% |
Summary: Blackwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Gloucester Township | $286.9K | $310.1K | +8.1% |
| Washington Township | $335.2K | $359.9K | +7.4% |
| Blackwood | $300K | $319.8K | +6.6% |
| Sewell | $347.5K | $360K | +3.6% |
Housing Supply in Blackwood, NJ
How many homes are available in Blackwood, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 92 | -6.1% |
Summary: The Blackwood real estate market had 92 homes for sale in April 2024, a 6.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 1 | -80.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 46 | 35 | -23.9% |
| 4 Bedrooms | 31 | 40 | +29.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Blackwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 26 | -31.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blackwood, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Blackwood in April 2024, down by 31.6% month-over-month. Of the 26 sold homes, 8% were sold under asking, 15% were sold at asking, and 77% were sold over asking.
Days on Market for Blackwood, NJ
How long does it take to sell a home in Blackwood, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 20 Days | -13.7% |
Summary: Homes in Blackwood had an average of 20 days on market in Apr 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blackwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Blackwood; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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