Is Pittsgrove 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, Pittsgrove Township has remained a Seller's Market.
Key Takeaway
Pittsgrove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pittsgrove Township, NJ
How much do homes in Pittsgrove Township, NJ cost?
Median Sold Price
$335,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pittsgrove Township have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Pittsgrove Township was $335,000 in April 2024, up 11.7% 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 | - | - | N/A |
| 2 Bedrooms | $164K | $220K | +34.1% |
| 3 Bedrooms | $291K | $319.9K | +9.9% |
| 4 Bedrooms | $382.5K | $382.5K | 0.0% |
| 5+ Bedrooms | $575K | $699K | +21.6% |
Summary: Pittsgrove Township 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 increased by 34.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $280K | $333K | +18.9% |
| Elmer | $264.2K | $304.9K | +15.4% |
| Pittsgrove Township | $300K | $335K | +11.7% |
| Vineland | $250K | $266.5K | +6.6% |
Housing Supply in Pittsgrove Township, NJ
How many homes are available in Pittsgrove Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Pittsgrove Township real estate market had 23 homes for sale in April 2024, a 9.5% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pittsgrove 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 increased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pittsgrove Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pittsgrove Township in April 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Pittsgrove Township, NJ
How long does it take to sell a home in Pittsgrove Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 91 Days | +144.0% |
Summary: Homes in Pittsgrove Township had an average of 91 days on market in Apr 2024, up by 144% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pittsgrove Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in Pittsgrove Township; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.