$1,484 Closing Credit*
$125,000
1,532 SqFt
3 Beds
•1 Full Bath
Listing Office: EXIT Realty Defined
Is Commercial 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, Commercial Township has remained a Seller's Market.
Key Takeaway
Commercial Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Commercial Township, NJ
How much do homes in Commercial Township, NJ cost?
Median Sold Price
$192,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,350(+11.9%)
Key Takeaway
Homes in Commercial Township have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Commercial Township was $192,000 in November 2024, up 11.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $47.5K | -74.5% |
| 2 Bedrooms | $120K | $162.7K | +35.6% |
| 3 Bedrooms | $177.5K | $215K | +21.1% |
| 4 Bedrooms | $192.5K | $220K | +14.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Commercial Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74.5%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Commercial Township | $171.6K | $192K | +11.9% |
| Downe Township | $212K | $159.9K | -24.6% |
Housing Supply in Commercial Township, NJ
How many homes are available in Commercial Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The Commercial Township real estate market had 29 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Commercial 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 25%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Commercial Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Commercial Township in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Commercial Township, NJ
How long does it take to sell a home in Commercial Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 60 Days | -8.7% |
Summary: Homes in Commercial Township had an average of 60 days on market in Nov 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Commercial Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Commercial Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.