$95,000
5.94 Acres
Land
David Ripa Jr., Listing Office: EXP Realty, LLC
Is Cedarville, 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, Cedarville has remained a Seller's Market.
Key Takeaway
Cedarville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedarville, NJ
How much do homes in Cedarville, NJ cost?
Median Sold Price
$251,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$74,000(+41.7%)
Key Takeaway
Homes in Cedarville have sold for 41.7% more than they did a year ago.
Summary: The median home sold price in Cedarville was $251,500 in November 2024, up 41.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $133K | N/A |
| 2 Bedrooms | $128.4K | $125K | -2.7% |
| 3 Bedrooms | $180K | $326.5K | +81.4% |
| 4 Bedrooms | $289.9K | $289K | -0.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cedarville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 81.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cedarville | $177.5K | $251.5K | +41.7% |
| Fairfield Township | $560K | $615K | +9.8% |
| Lawrence Township | $242.4K | $255.2K | +5.3% |
| Downe Township | $212K | $159.9K | -24.6% |
Housing Supply in Cedarville, NJ
How many homes are available in Cedarville, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Cedarville real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedarville 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 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedarville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cedarville in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cedarville, NJ
How long does it take to sell a home in Cedarville, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 23 Days | +228.6% |
Summary: Homes in Cedarville had an average of 23 days on market in Nov 2024, up by 228.6% 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 Cedarville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Cedarville; 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.
