$6,768 Closing Credit*
$569,900
4,541 SqFt
6 Beds
•4 Full Baths, 1 Partial
Mary Ann Fischer, Listing Office: BHHS Fox & Roach-Marlton
Is Merchantville, 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, Merchantville has remained a Seller's Market.
Key Takeaway
Merchantville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Merchantville, NJ
How much do homes in Merchantville, NJ cost?
Median Sold Price
$325,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.8%)
Key Takeaway
Homes in Merchantville have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Merchantville was $325,000 in November 2024, up 4.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $123K | N/A |
| 2 Bedrooms | $212K | $250.5K | +18.2% |
| 3 Bedrooms | $300K | $322.4K | +7.5% |
| 4 Bedrooms | $330K | $379.9K | +15.1% |
| 5+ Bedrooms | $455K | $451K | -0.9% |
Summary: Merchantville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Cherry Hill Township | $410K | $444.3K | +8.4% |
| Cherry Hill | $415K | $449.9K | +8.4% |
| Pennsauken Township | $279K | $302K | +8.2% |
| Merchantville | $310K | $325K | +4.8% |
Housing Supply in Merchantville, NJ
How many homes are available in Merchantville, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Merchantville real estate market had 16 homes for sale in November 2024, a 5.9% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Merchantville 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Merchantville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Merchantville in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 43 Days | +167.3% |
Summary: Homes in Merchantville had an average of 43 days on market in Nov 2024, up by 167.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Merchantville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Merchantville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
