$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 October 2023
At the same time last year, Cedarville was a Buyer'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
$245,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+36.1%)
Key Takeaway
Homes in Cedarville have sold for 36.1% more than they did a year ago.
Summary: The median home sold price in Cedarville was $245,000 in October 2024, up 36.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $153.9K | $105K | -31.8% |
| 3 Bedrooms | $180K | $288.2K | +60.1% |
| 4 Bedrooms | $289.9K | $289K | -0.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cedarville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.8%, 3 bedroom homes increased by 60.1%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cedarville | $180K | $245K | +36.1% |
| Fairfield Township | $580K | $575K | -0.9% |
| Lawrence Township | $259.9K | $251.5K | -3.3% |
| Downe Township | $197.4K | $172.2K | -12.8% |
Housing Supply in Cedarville, NJ
How many homes are available in Cedarville, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Summary: The Cedarville real estate market had 7 homes for sale in October 2024, a 36.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedarville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were 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 October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 12 Days | -40.5% |
Summary: Homes in Cedarville had an average of 12 days on market in Oct 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 October 2024, 2 homes were sold in Cedarville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
