$2,898 Closing Credit*
$244,000
1,297 SqFt
2 Beds
•1 Full Bath, 1 Partial
Jennean A Veale, Listing Office: BHHS Fox & Roach-Marlton
Is King's Grant, 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, King's Grant has remained a Seller's Market.
Key Takeaway
King's Grant is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in King's Grant, NJ
How much do homes in King's Grant, NJ cost?
Median Sold Price
$310,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,000(+13.6%)
Key Takeaway
Homes in King's Grant have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in King's Grant was $310,000 in October 2024, up 13.6% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169.5K | $220K | +29.8% |
| 2 Bedrooms | $230.2K | $262K | +13.8% |
| 3 Bedrooms | $315K | $362.7K | +15.2% |
| 4 Bedrooms | $500K | $540K | +8.0% |
| 5+ Bedrooms | $530K | $630K | +18.9% |
Summary: King's Grant housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.8%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Villa Royale | $264K | $335K | +26.9% |
| Woodlake | $239.6K | $285K | +18.9% |
| King's Grant | $273K | $310K | +13.6% |
Housing Supply in King's Grant, NJ
How many homes are available in King's Grant, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Summary: The King's Grant real estate market had 25 homes for sale in October 2024, a 24.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The King's Grant housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King's Grant, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in King's Grant in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 19% were sold under asking, 13% were sold at asking, and 69% were sold over asking.
Days on Market for King's Grant, NJ
How long does it take to sell a home in King's Grant, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 19 Days | +18.2% |
Summary: Homes in King's Grant had an average of 19 days on market in Oct 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in King's Grant are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in King's Grant; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
