$4,986 Closing Credit*
$419,900
1,621 SqFt
4 Beds
•1 Full Bath, 1 Partial
Terry Grayson, Listing Office: Impact Realty Group LLC
Is Mantua Township, 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, Mantua Township has remained a Seller's Market.
Key Takeaway
Mantua Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mantua Township, NJ
How much do homes in Mantua Township, NJ cost?
Median Sold Price
$316,400
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,400(+15.9%)
Key Takeaway
Homes in Mantua Township have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Mantua Township was $316,400 in October 2024, up 15.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $176K | +5.1% |
| 2 Bedrooms | $225K | $244.8K | +8.8% |
| 3 Bedrooms | $286.5K | $340K | +18.7% |
| 4 Bedrooms | $440K | $493.8K | +12.2% |
| 5+ Bedrooms | $635K | $680K | +7.1% |
Summary: Mantua Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in Mantua Township, NJ
How many homes are available in Mantua Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 56 | -5.1% |
Summary: The Mantua Township real estate market had 56 homes for sale in October 2024, a 5.1% 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 | 17 | 21 | +23.5% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mantua Township 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 increased by 23.5%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
4 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 Mantua Township, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Mantua Township in October 2024, down by 10.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% were sold over asking.
Days on Market for Mantua Township, NJ
How long does it take to sell a home in Mantua Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 23 Days | +38.8% |
Summary: Homes in Mantua Township had an average of 23 days on market in Oct 2024, up by 38.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mantua Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Mantua Township; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
