$2,672 Closing Credit*
$225,000
1,015 SqFt
4 Beds
•2 Full Baths
Bryan S Vurgason, Listing Office: Keller Williams Realty
Is Brooklawn, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Brooklawn has remained a Seller's Market.
Key Takeaway
Brooklawn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklawn, NJ
How much do homes in Brooklawn, NJ cost?
Median Sold Price
$240,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,500(+18.5%)
Key Takeaway
Homes in Brooklawn have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Brooklawn was $240,000 in November 2024, up 18.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.9K | $139.9K | -1.4% |
| 2 Bedrooms | $185K | $186.3K | +0.7% |
| 3 Bedrooms | $222.5K | $243.7K | +9.6% |
| 4 Bedrooms | $223.5K | $302.5K | +35.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Brooklawn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Brooklawn | $202.5K | $240K | +18.5% |
| Mount Ephraim | $270K | $300K | +11.1% |
| Bellmawr | $275K | $300K | +9.1% |
| Gloucester City | $203.5K | $220K | +8.1% |
| Westville | $245K | $245K | 0.0% |
Housing Supply in Brooklawn, NJ
How many homes are available in Brooklawn, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Summary: The Brooklawn real estate market had 3 homes for sale in November 2024, a 66.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 1 | -83.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brooklawn housing inventory by bedroom type for November 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 83.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklawn, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Brooklawn in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Brooklawn, NJ
How long does it take to sell a home in Brooklawn, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 47 Days | +209.2% |
Summary: Homes in Brooklawn had an average of 47 days on market in Nov 2024, up by 209.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brooklawn are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Brooklawn; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
