Is Blackwood, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Blackwood has remained a Seller's Market.
Housing Prices in Blackwood, NJ
How much do homes in Blackwood, NJ cost?
Median Sold Price
$320,250
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Blackwood was $320,250 in May 2024, up 6.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $170K | +4.6% |
2 Bedrooms | $197K | $232K | +17.8% |
3 Bedrooms | $284K | $316.7K | +11.5% |
4 Bedrooms | $352.5K | $377.5K | +7.1% |
5+ Bedrooms | $466.9K | $437.5K | -6.3% |
Summary: Blackwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
Gloucester Township | $280K | $315K | +12.5% |
Blackwood | $300.4K | $320.2K | +6.6% |
Washington Township | $340.9K | $358.1K | +5.1% |
Sewell | $359K | $359.4K | 0.1% |
Housing Supply in Blackwood, NJ
How many homes are available in Blackwood, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 127 | +32.3% |
Summary: The Blackwood real estate market had 127 homes for sale in May 2024, a 32.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 39 | 50 | +28.2% |
4 Bedrooms | 38 | 50 | +31.6% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Blackwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 26 | -7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Blackwood in May 2024, down by 7.1% month-over-month. Of the 26 sold homes, 27% were sold under asking, 15% were sold at asking, and 58% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 15 Days | -5.9% |
Summary: Homes in Blackwood had an average of 15 days on market in May 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Blackwood; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.