$2,552 Closing Credit*
$214,900
796 SqFt
2 Beds
•1 Full Bath
Sara Elizabeth Gladden, Listing Office: The Property Alliance LLC
Is Brooklawn, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$210,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+5.3%)
Key Takeaway
Homes in Brooklawn have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Brooklawn was $210,500 in October 2024, up 5.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.9K | $139.9K | -1.4% |
| 2 Bedrooms | $180.5K | $186.3K | +3.2% |
| 3 Bedrooms | $227.5K | $242.5K | +6.6% |
| 4 Bedrooms | $223.5K | $302.5K | +35.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Brooklawn housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mount Ephraim | $270K | $299.9K | +11.1% |
| Bellmawr | $271.5K | $300K | +10.5% |
| Gloucester City | $200K | $215K | +7.5% |
| Brooklawn | $200K | $210.5K | +5.3% |
| Westville | $240K | $245K | +2.1% |
Housing Supply in Brooklawn, NJ
How many homes are available in Brooklawn, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Brooklawn real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brooklawn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklawn, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Brooklawn in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 20 Days | +166.7% |
Summary: Homes in Brooklawn had an average of 20 days on market in Oct 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were 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 October 2024, 6 homes were sold in Brooklawn; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.