$4,869 Closing Credit*
$409,999
1,328 SqFt
3 Beds
•2 Full Baths
Matthew J Curcio, Listing Office: Real Broker, LLC
Is Lower Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lower Township has remained a Seller's Market.
Key Takeaway
Lower Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Township, NJ
How much do homes in Lower Township, NJ cost?
Median Sold Price
$415,000
$377/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$174,990(-29.7%)
Key Takeaway
Homes in Lower Township have sold for 29.7% less than they did a month ago.
Summary: The median home sold price in Lower Township was $415,000 in November 2024, down 29.7% from last month, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $589.9K | - | N/A |
| 3 Bedrooms | $380K | $401K | +5.5% |
| 4 Bedrooms | - | $865K | N/A |
| 5+ Bedrooms | $1.0M | - | N/A |
Summary: Lower 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 increased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cape May | $589.9K | $1.6M | +182.2% |
| Lower Township | $589.9K | $415K | -29.7% |
| Villas | $859K | $415K | -51.7% |
Housing Supply in Lower Township, NJ
How many homes are available in Lower Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 36 | -20.0% |
Summary: The Lower Township real estate market had 36 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 22 | 15 | -31.8% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Lower 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 remained the same, 3 bedroom homes decreased by 31.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lower Township in November 2024, down by 22.2% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lower Township, NJ
How long does it take to sell a home in Lower Township, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 128 Days | 76 Days | -40.7% |
Summary: Homes in Lower Township had an average of 76 days on market in Nov 2024, down by 40.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lower Township has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Lower Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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.