$895,000
2.50 Acres
Land
Glenn Gaines, Listing Office: Suburban City Realty, LLC
Is Cinnaminson Township, 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, Cinnaminson Township has remained a Seller's Market.
Key Takeaway
Cinnaminson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cinnaminson Township, NJ
How much do homes in Cinnaminson Township, NJ cost?
Median Sold Price
$415,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+12.2%)
Key Takeaway
Homes in Cinnaminson Township have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Cinnaminson Township was $415,000 in November 2024, up 12.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $231K | +84.8% |
| 2 Bedrooms | $230K | $266K | +15.7% |
| 3 Bedrooms | $351K | $390.5K | +11.3% |
| 4 Bedrooms | $467.9K | $491K | +4.9% |
| 5+ Bedrooms | $485K | $554.9K | +14.4% |
Summary: Cinnaminson Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.8%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Palmyra | $245K | $280K | +14.3% |
| Cinnaminson Township | $370K | $415K | +12.2% |
| Pennsauken | $245K | $275K | +12.2% |
| Pennsauken Township | $279K | $302K | +8.2% |
Housing Supply in Cinnaminson Township, NJ
How many homes are available in Cinnaminson Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 58 | -7.9% |
Summary: The Cinnaminson Township real estate market had 58 homes for sale in November 2024, a 7.9% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Cinnaminson Township 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 increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cinnaminson Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Cinnaminson Township in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Cinnaminson Township, NJ
How long does it take to sell a home in Cinnaminson Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +10.0% |
Summary: Homes in Cinnaminson Township had an average of 26 days on market in Nov 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cinnaminson Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Cinnaminson Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
