Is Mullica Township, 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, Mullica Township has remained a Seller's Market.
Housing Prices in Mullica Township, NJ
How much do homes in Mullica Township, NJ cost?
Median Sold Price
$340,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mullica Township was $340,000 in April 2024, up 6.3% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.2K | $140K | -11.0% |
2 Bedrooms | $225K | $278.5K | +23.8% |
3 Bedrooms | $325K | $327.5K | +0.8% |
4 Bedrooms | $372.8K | $465K | +24.7% |
5+ Bedrooms | $524.9K | $400K | -23.8% |
Summary: Mullica Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Cities
Washington Township | $333.5K | $368.6K | +10.5% |
Galloway Township | $270K | $290K | +7.4% |
Mullica Township | $320K | $340K | +6.3% |
Hammonton | $315K | $335K | +6.3% |
Egg Harbor City | $262.5K | $274.9K | +4.7% |
Housing Supply in Mullica Township, NJ
How many homes are available in Mullica Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 33 | +6.5% |
Summary: The Mullica Township real estate market had 33 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mullica Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mullica Township in April 2024, the same as the previous month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Mullica Township, NJ
How long does it take to sell a home in Mullica Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 40 Days | +25.8% |
Summary: Homes in Mullica Township had an average of 40 days on market in Apr 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Mullica Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.