$25,000
Land
Michelle Urgo, Listing Office: Coldwell Banker Excel Realty
Is Cumberland County, 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, Cumberland County has remained a Seller's Market.
Key Takeaway
Cumberland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumberland County, NJ
How much do homes in Cumberland County, NJ cost?
Median Sold Price
$256,426
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,425(+10.1%)
Key Takeaway
Homes in Cumberland County have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Cumberland County was $256,426 in November 2024, up 10.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $115.6K | -33.9% |
| 2 Bedrooms | $175K | $190.5K | +8.9% |
| 3 Bedrooms | $239.1K | $265K | +10.9% |
| 4 Bedrooms | $299K | $349.7K | +17.0% |
| 5+ Bedrooms | $286K | $275K | -3.8% |
Summary: Cumberland County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Counties
| Atlantic County | $285.8K | $349K | +22.1% |
| Cumberland County | $233K | $256.4K | +10.1% |
| Gloucester County | $310K | $341K | +10.0% |
| Salem County | $249K | $260K | +4.4% |
| Cape May County | $734.5K | $719.3K | -2.1% |
Housing Supply in Cumberland County, NJ
How many homes are available in Cumberland County, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 532 | 519 | -2.4% |
Summary: The Cumberland County real estate market had 519 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 76 | 77 | +1.3% |
| 3 Bedrooms | 297 | 287 | -3.4% |
| 4 Bedrooms | 115 | 111 | -3.5% |
| 5+ Bedrooms | 33 | 34 | +3.0% |
Summary: The Cumberland County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 113 | 89 | -21.2% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland County, you could pay more than the asking price. 44.9% of homes here sold above asking price last month.
Summary: A total of 89 homes were sold or pending in Cumberland County in November 2024, down by 21.2% month-over-month. Of the 89 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% were sold over asking.
Days on Market for Cumberland County, NJ
How long does it take to sell a home in Cumberland County, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -4.0% |
Summary: Homes in Cumberland County had an average of 42 days on market in Nov 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumberland County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 89 homes were sold in Cumberland County; 51% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% 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. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.