$5,581 Closing Credit*
$470,000
2,580 SqFt
4 Beds
•2 Full Baths, 1 Partial
Paul Podgorski, Listing Office: Premier Real Estate Corp.
Is Lumberton, 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, Lumberton has remained a Seller's Market.
Key Takeaway
Lumberton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lumberton, NJ
How much do homes in Lumberton, NJ cost?
Median Sold Price
$450,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$101,900(+29.3%)
Key Takeaway
Homes in Lumberton have sold for 29.3% more than they did a year ago.
Summary: The median home sold price in Lumberton was $450,000 in October 2024, up 29.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $187.5K | -1.3% |
| 3 Bedrooms | $301K | $335K | +11.3% |
| 4 Bedrooms | $570K | $605K | +6.1% |
| 5+ Bedrooms | $737.5K | $815K | +10.5% |
Summary: Lumberton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Lumberton | $348.1K | $450K | +29.3% |
| Lumberton Township | $348.1K | $450K | +29.3% |
| Mount Holly Township | $365K | $423.3K | +16.0% |
| Hainesport Township | $439K | $490K | +11.6% |
| Hainesport | $439K | $488.7K | +11.3% |
Housing Supply in Lumberton, NJ
How many homes are available in Lumberton, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 40 | +29.0% |
Summary: The Lumberton real estate market had 40 homes for sale in October 2024, a 29.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Lumberton 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 13.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 14 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lumberton, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Lumberton in October 2024, up by 250.0% month-over-month. Of the 14 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Lumberton, NJ
How long does it take to sell a home in Lumberton, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 18 Days | -20.1% |
Summary: Homes in Lumberton had an average of 18 days on market in Oct 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
11 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 Lumberton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Lumberton; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
