Is Swedesboro, 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, Swedesboro has remained a Seller's Market.
Key Takeaway
Swedesboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swedesboro, NJ
How much do homes in Swedesboro, NJ cost?
Median Sold Price
$387,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Swedesboro have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Swedesboro was $387,500 in April 2024, up 6.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $302.5K | -8.3% |
| 3 Bedrooms | $325K | $330.5K | +1.7% |
| 4 Bedrooms | $490.5K | $535K | +9.1% |
| 5+ Bedrooms | $610K | $630K | +3.3% |
Summary: Swedesboro 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 8.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Woolwich Township | $450K | $488.7K | +8.6% |
| Swedesboro | $365K | $387.5K | +6.2% |
Housing Supply in Swedesboro, NJ
How many homes are available in Swedesboro, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 60 | +7.1% |
Summary: The Swedesboro real estate market had 60 homes for sale in April 2024, a 7.1% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Swedesboro 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 decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swedesboro, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Swedesboro in April 2024, down by 42.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% were sold over asking.
Days on Market for Swedesboro, NJ
How long does it take to sell a home in Swedesboro, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 13 Days | -17.8% |
Summary: Homes in Swedesboro had an average of 13 days on market in Apr 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swedesboro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Swedesboro; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
