$5,047 Closing Credit*
$425,000
2,100 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cristin M. Holloway, Listing Office: EXP 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 October 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
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+13.7%)
Key Takeaway
Homes in Cinnaminson Township have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Cinnaminson Township was $415,000 in October 2024, up 13.7% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $172.5K | N/A |
| 2 Bedrooms | $224.5K | $265K | +18.0% |
| 3 Bedrooms | $350.5K | $387K | +10.4% |
| 4 Bedrooms | $455K | $485.2K | +6.6% |
| 5+ Bedrooms | $480K | $554.9K | +15.6% |
Summary: Cinnaminson Township 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 increased by 18%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Palmyra | $242.2K | $282.5K | +16.6% |
| Cinnaminson Township | $365K | $415K | +13.7% |
| Pennsauken | $244.9K | $274.5K | +12.1% |
| Pennsauken Township | $275K | $300K | +9.1% |
Housing Supply in Cinnaminson Township, NJ
How many homes are available in Cinnaminson Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 59 | +31.1% |
Summary: The Cinnaminson Township real estate market had 59 homes for sale in October 2024, a 31.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 17 | 26 | +52.9% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cinnaminson Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 52.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cinnaminson Township, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Cinnaminson Township in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 15 Days | -29.7% |
Summary: Homes in Cinnaminson Township had an average of 15 days on market in Oct 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cinnaminson Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Cinnaminson Township; 83% 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.
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