$2,374 Closing Credit*
$199,900
1,011 SqFt
2 Beds
•2 Full Baths
Teresa Vandenberg, Listing Office: BHHS Fox & Roach-Washington-Gloucester
Is Mantua Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$317,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,000(+13.2%)
Key Takeaway
Homes in Mantua Township have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Mantua Township was $317,000 in November 2024, up 13.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $182.3K | +10.5% |
| 2 Bedrooms | $225.5K | $247K | +9.5% |
| 3 Bedrooms | $295K | $337.7K | +14.5% |
| 4 Bedrooms | $450K | $487.6K | +8.4% |
| 5+ Bedrooms | $677.5K | $680K | 0.4% |
Summary: Mantua Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in Mantua Township, NJ
How many homes are available in Mantua Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 52 | -8.8% |
Summary: The Mantua Township real estate market had 52 homes for sale in November 2024, a 8.8% 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 | 20 | 16 | -20.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Mantua 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 20%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mantua Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Mantua Township in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 22 Days | +48.9% |
Summary: Homes in Mantua Township had an average of 22 days on market in Nov 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mantua Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Mantua Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
