$5,344 Closing Credit*
$450,000
3 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Kingwood Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kingwood Township was a Seller's Market.
Key Takeaway
Kingwood Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kingwood Township, NJ
How much do homes in Kingwood Township, NJ cost?
Median Sold Price
$750,000
$274/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$104,000(+16.1%)
Key Takeaway
Homes in Kingwood Township have sold for 16.1% more than they did a month ago.
Summary: The median home sold price in Kingwood Township was $750,000 in November 2024, up 16.1% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $777K | - | N/A |
| 3 Bedrooms | $513K | - | N/A |
| 4 Bedrooms | - | $750K | N/A |
| 5+ Bedrooms | $850K | - | N/A |
Summary: Kingwood Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Kingwood Township, NJ
How many homes are available in Kingwood Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Summary: The Kingwood Township real estate market had 19 homes for sale in November 2024, a 20.8% 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 | 1 | -75.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Kingwood 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 decreased by 75%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingwood Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Kingwood Township in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Kingwood Township, NJ
How long does it take to sell a home in Kingwood Township, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 7 Days | -82.5% |
Summary: Homes in Kingwood Township had an average of 7 days on market in Nov 2024, down by 82.5% compared to last month.
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 Kingwood Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Kingwood Township; 33% 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.
