$5,641 Closing Credit*
$475,000
1,890 SqFt
6 Beds
•2 Full Baths, 1 Partial
Valerie Danielle Regan, Listing Office: Real Broker, LLC
Is Merchantville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Merchantville was a Seller's Market.
Key Takeaway
Merchantville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Merchantville, NJ
How much do homes in Merchantville, NJ cost?
Median Sold Price
$322,450
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,450(+4.0%)
Key Takeaway
Homes in Merchantville have sold for 4% more than they did a year ago.
Summary: The median home sold price in Merchantville was $322,450 in October 2024, up 4% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $123K | +36.8% |
| 2 Bedrooms | $212K | $227.5K | +7.3% |
| 3 Bedrooms | $272.5K | $319.9K | +17.4% |
| 4 Bedrooms | $330K | $379.9K | +15.1% |
| 5+ Bedrooms | $455K | $488K | +7.3% |
Summary: Merchantville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Cherry Hill | $405.5K | $450K | +11.0% |
| Cherry Hill Township | $404.9K | $446.6K | +10.3% |
| Pennsauken Township | $275K | $300K | +9.1% |
| Merchantville | $310K | $322.4K | +4.0% |
Housing Supply in Merchantville, NJ
How many homes are available in Merchantville, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Merchantville real estate market had 17 homes for sale in October 2024, a 30.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Merchantville 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 Merchantville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Merchantville in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Merchantville, NJ
How long does it take to sell a home in Merchantville, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 45 Days | +104.5% |
Summary: Homes in Merchantville had an average of 45 days on market in Oct 2024, up by 104.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Merchantville has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Merchantville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
