$3,680 Closing Credit*
$309,900
1,334 SqFt
3 Beds
•1 Full Bath
MaryAnne Verfaillie, Listing Office: Keller Williams Realty
Is Browns Mills, 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, Browns Mills has remained a Seller's Market.
Key Takeaway
Browns Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Browns Mills, NJ
How much do homes in Browns Mills, NJ cost?
Median Sold Price
$305,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+8.9%)
Key Takeaway
Homes in Browns Mills have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Browns Mills was $305,000 in November 2024, up 8.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $183K | +357.5% |
| 2 Bedrooms | $177.5K | $220K | +23.9% |
| 3 Bedrooms | $281K | $305K | +8.5% |
| 4 Bedrooms | $302.5K | $350K | +15.7% |
| 5+ Bedrooms | $347.5K | $417K | +20.0% |
Summary: Browns Mills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 357.5%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 20%.
Housing Supply in Browns Mills, NJ
How many homes are available in Browns Mills, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 55 | -1.8% |
Summary: The Browns Mills real estate market had 55 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Browns Mills 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Browns Mills, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Browns Mills in November 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Browns Mills, NJ
How long does it take to sell a home in Browns Mills, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 47 Days | +23.9% |
Summary: Homes in Browns Mills had an average of 47 days on market in Nov 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Browns Mills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Browns Mills; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.