$2,138 Closing Credit*
$180,000
1,368 SqFt
3 Beds
•2 Full Baths
Sharon Beth Cassaday, Listing Office: Better Homes and Gardens Real Estate Maturo
Is Downe 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, Downe Township has remained a Buyer's Market.
Key Takeaway
Downe Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downe Township, NJ
How much do homes in Downe Township, NJ cost?
Median Sold Price
$159,950
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$52,050(-24.6%)
Key Takeaway
Homes in Downe Township have sold for 24.6% less than they did a year ago.
Summary: The median home sold price in Downe Township was $159,950 in November 2024, down 24.6% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $114.7K | -45.9% |
| 2 Bedrooms | $125K | $220K | +76.0% |
| 3 Bedrooms | $285K | $159.9K | -43.9% |
| 4 Bedrooms | $316K | $87.5K | -72.3% |
| 5+ Bedrooms | $235K | - | N/A |
Summary: Downe Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes increased by 76%, 3 bedroom homes decreased by 43.9%, 4 bedroom homes decreased by 72.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lawrence Township | $242.4K | $255.2K | +5.3% |
| Downe Township | $212K | $159.9K | -24.6% |
Housing Supply in Downe Township, NJ
How many homes are available in Downe Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Downe Township real estate market had 18 homes for sale in November 2024, a 20.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downe Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downe Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Downe Township in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downe Township, NJ
How long does it take to sell a home in Downe Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 23 Days | -57.4% |
Summary: Homes in Downe Township had an average of 23 days on market in Nov 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Downe Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Downe Township; 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.
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.