Is Commercial Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Commercial Township was a Seller's Market.
Housing Prices in Commercial Township, NJ
How much do homes in Commercial Township, NJ cost?
Median Sold Price
$188,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Commercial Township was $188,000 in April 2024, up 15.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $116.7K | -29.2% |
2 Bedrooms | $91.5K | $158.2K | +73.0% |
3 Bedrooms | $200K | $192.5K | -3.8% |
4 Bedrooms | $117K | $210K | +79.5% |
5+ Bedrooms | - | - | N/A |
Summary: Commercial Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes increased by 73%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 79.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Port Norris | $74K | $115K | +55.4% |
Commercial Township | $162.4K | $188K | +15.7% |
Housing Supply in Commercial Township, NJ
How many homes are available in Commercial Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 31 | -8.8% |
Summary: The Commercial Township real estate market had 31 homes for sale in April 2024, a 8.8% decrease 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 | 9 | 9 | 0.0% |
3 Bedrooms | 22 | 19 | -13.6% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Commercial Township 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 decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Commercial Township in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Commercial Township, NJ
How long does it take to sell a home in Commercial Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 47 Days | -44.2% |
Summary: Homes in Commercial Township had an average of 47 days on market in Apr 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Commercial Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.