$1,781 Closing Credit*
$150,000
3 Beds
•1 Full Bath
Joseph G Damone, 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 October 2023
At the same time last year, Downe Township was a Seller'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
$172,200
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,250(-12.8%)
Key Takeaway
Homes in Downe Township have sold for 12.8% less than they did a year ago.
Summary: The median home sold price in Downe Township was $172,200 in October 2024, down 12.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208.4K | $114.7K | -45.0% |
| 2 Bedrooms | $120K | $220.5K | +83.8% |
| 3 Bedrooms | $235K | $169.9K | -27.7% |
| 4 Bedrooms | $316K | $87.5K | -72.3% |
| 5+ Bedrooms | $235K | - | N/A |
Summary: Downe Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45%, 2 bedroom homes increased by 83.8%, 3 bedroom homes decreased by 27.7%, 4 bedroom homes decreased by 72.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Port Norris | $115K | $140K | +21.7% |
| Lawrence Township | $259.9K | $251.5K | -3.3% |
| Downe Township | $197.4K | $172.2K | -12.8% |
Housing Supply in Downe Township, NJ
How many homes are available in Downe Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Downe Township real estate market had 16 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downe Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
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 October 2024, up by 100.0% month-over-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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 47 Days | +62.1% |
Summary: Homes in Downe Township had an average of 47 days on market in Oct 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downe Township has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Downe Township; 0% of homes were sold within 30 days, 100% 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.